Is your Business Exposed? Keeping Your Business Safe

Is your Business Exposed?

As we enter the second quarter, it may be a good time to review your terms and conditions and any further agreements or contracts you may hold.

Unfortunately, a number of clients come to us for civil litigation matters but do not have the correct terms to protect their business. This becomes difficult when trying to enforce their claims to payment, indemnity and confidentiality.

So, what should a business have in place to protect their civil claims?

The most common and least complicated would include terms and conditions. This can be as simple as having clear terms on the bottom of the invoice. They should clearly state when the invoice is due, the invoice number, the date of service, a list of services provided and clearly show your business name and credentials.

This provides clear information regarding your services to the recipient. A longer version of terms and conditions can be separate to the invoice and include further information like indemnity and interest clauses.

How do I protect my business when it comes to my employees?

The most effective way to protect your business when it comes to employees is to have a signed Employment Contract in place. This contract should include clear terms on confidentiality, remuneration, restrictions on employment when terminated, reimbursements on expenses and role description. This will assist in preventing employees from taking confidential information on your business with them and will discourage the employee from disrupting your business.

If you do not have any terms and conditions in your business, we recommend contacting our office immediately to discuss how we can help you protect your business. Call our friendly team on 02 6542 5566.