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TOP CONTRACT TIPS

#3 UNDERSTAND YOUR CONTRACT

You may have the best contract. It has been professionally written and it is absolutely watertight! However, if you don’t understand even the basic terms you are unlikely to be using the contract in the best possible way.

If you understand your contract and can talk in confident terms about your contract; it will help you look professional to both your customers and suppliers.

The ability to point out pertinent points and explain them will mean the other party is more likely to understand and accept your terms. This aids with negotiations as you are immediately able to answer any questions rather than first having to obtain advice and then reply!

Finally, if the relationship does start to sour, you will know which clauses are important to invoke and deal with any dispute resolution process.

Please contact WCL to discuss your contract matters further.