Expertise

Terms of Business

Create certainty and reduce litigation risk by tailoring your venture’s terms of business.

Putting in place considered, bespoke terms of business will not only reduce the risk of disputes and potential litigation but will also limit your liability, create certainty, and enhance your business’ reputation. Take advantage of these benefits by utilising our commercial contract specialists’ business acumen and technical knowledge.

Experts in commercial law

In addition to drafting, negotiating and reviewing confidentiality and non-disclosure agreements, our team can assist you across all areas of commercial law, including:

Agency Agreements
Commercial Contracts
Drafting Subcontractor Agreements
Franchise Law
Joint Venture Agreements
Sale & Distribution Agreements
Service Agreements
Supply of Goods Agreements
Terms of Business

Achieve your business goals with a water-tight joint venture agreement

Our team of joint venture agreement lawyers can support you with:

Advice on specific terms of business

for your venture for your venture.

Drafting standardised terms of business

for use with third parties.

Negotiating specific amendments or variations

required for particular transactions or projects.

Amending or varying

standardised terms of business for specific transactions or projects.

Enforceability

of your terms of business.

Preventing substitution

of third parties’ terms of business.

Compliance

with any applicable generic or industry-specific legislation or regulations.

Fairness

of terms to reduce the risk of future disputes.

Reviewing

terms of business provided by third parties and summarising key terms and obligations.

Dispute resolution

in the event of disagreement with a third party.

Harmonisation

between terms of business and other commercial contracts, such as supply or distribution agreements.

Suggesting relevant updates

to your terms of business as your business evolves.

Interpretation

of terms of business for compliance purposes.

Ensure your terms of business work specifically for you

Having the correct terms of business in place is critical and investing in them at an early stage can save you time, money, and stress in the future. Standardising your terms of business and ensuring that they work for your specific venture creates certainty both for you and the third parties with who you are contracting. It also limits your liability, preserves cashflow and increases your business’ efficiency.

Businesses which recycle other organisations’ terms of business rather than creating their own, run the risk of entering into contracts which don’t adequately reflect their way of dealing, fail to provide proper protection or aren’t legally enforceable. Taking legal advice will eradicate these risks and result in terms of business which work for you and your venture.

Terms of business require careful consideration and may throw up unexpected questions or issues. Factors include:

N

Product or service description

N

Logistics and practicalities

N

Boilerplate clauses

N

Payment terms

N

Termination events

N

Liability limitations

N

Guarantees, warranties and indemnities

N

Intellectual property protections

N

Confidentiality terms

N

Assignment

N

Implications of Brexit

What are the benefits of putting terms of business in place?

Protect your business
Future-proof your business from disputes and legal claims by including enforceable protections and limiting your liability in your terms of business.
Standardising your contracting terms
Ensure certainty across all your third-party contractual relationships by creating standard terms of business.
Increase business efficiencies
By having standard terms of business in place, your business can create streamlined and efficient processes which reflect those terms and minimises the risk of staff error.
Preserve cashflow
A clear payment process in your terms of business can assist with your cashflow. It will ensure that third parties do not take advantage of relaxed payment terms and reduce the risk of you having to expend cash, for example on materials, before payment.
Save time and money
Reduce management time and costs spent on collecting debts and dealing with future disputes by putting comprehensive written terms with third parties in place.
Build your reputation
Contracting on fair, reasonable, and professional terms of business will increase your reputation with third parties, a particularly important consideration for start-ups and new business relationships.
Clarity as to which terms of business apply
Uncertainty can arise as to which organisation’s terms of business apply and substitution by one party of their terms of business is possible. By understanding these risks and what you can do about them, your business is less likely to face unexpected liabilities and costs.
Ability to vary specific terms
On occasion, it may be beneficial to amend or vary specific terms for particular projects or in relation to certain third-party relationships. If done correctly, this can be a fairly simply process where standard terms of business are already in effect.

Who we help: Ambitious, high growth businesses

Suis Law Lawyers is purpose-built to support ambitious businesses from start-up to scale up. As entrepreneurs ourselves, we understand that getting legal support is vital at each stage in your growth. But at the start when the purse strings are tight, it’s not always that easy. Our aim is to make is simple. By offering you a legal subscription plan, you can get the legal advice you need at a more affordable cost than traditional law firms and a continued relationship with our lawyers, so you have experts to hand as and when you need them.

Why choose Suis Law Lawyers?

As a law firm for entrepreneurial businesses, we understand that each business is unique and that the risks it faces depends on its size, structure, industry, and objectives. Our commercial lawyers have the technical knowledge and business insight to understand your business and advise accordingly.

We can support you at all stages of your business’ lifecycle, from start-up to established national company, advising on the optimum terms of business for your venture and minimising the risks that your business may face. And because we understand that the legal support you require will not just end at producing terms of business, we can also provide you with integrated business legal services. Whether you require specialist intellectual property advice, corporate governance support, data protection audits or employment law guidance, we can help.

Plus, many of the team here at Suis Law Lawyers has worked in-house at major international businesses or at partner level in top 100 firms, and you get to access their wealth of experience starting from just £140 per hour. Discover more about the commercial team here:

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Legal support designed
to fit your business needs

Our transparent pricing packages are designed to give you the widest possible access to high-quality legal advice, whatever the size and nature of your business:
Straightforward access to senior lawyers at a competitive rate.
City
  • An affordable solution for businesses needing one-off legal support. Receive ‘City’ partner-level expertise at a fraction of ‘City’ prices.
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Have legal peace of mind for a per month fee with additional support.
Enterprise
  • A monthly subscription legal support package specifically designed for start-ups and smaller businesses.
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Providing you with priority access to a dedicated panel of highly experienced lawyers.
On-Demand
  • Providing you with priority access to a dedicated panel of highly experienced lawyers.
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A national law firm

Our commercial lawyers are based in or close to major cities across the Middle East and Europe providing expert legal advice to clients both locally and nationally.

We mainly work remotely, so we can work with you wherever you are. But we can arrange face-to-face meeting at our offices or a location of your choosing.

Jeddah

Saudi Arabia

London

United Kingdom