Protecting Your Business
Trading
Protecting Your Business
When setting up your own business you should think not only about what line of business you wish to trade in but also more practical issues like where you will locate your business, whether you will employ others to work for you and the terms on which you wish to trade with others.
Borneos can help you in all these areas.
Trading Premises
If you do not own your own business premises you will probably need to obtain a lease or a licence over the building from which you operate. If you want to work from home you should check the deeds to the property to ensure that there are no restrictions. You may need to apply for planning permission.
Employing Others to Work with You
Before employing others you should agree the terms and conditions of their employment including salary, holiday pay, pension provisions and notice period. As well as agreeing and documenting the terms for employees it is important to ensure that if you need to dismiss an employee this is done in the appropriate manner and that you follow strict procedural rules. Failure to do so can lead to an employer having to pay damages to the employee.
Purchasing Terms and Conditions with Suppliers
If you propose to enter into an agreement with a supplier to purchase goods or services you should consider what terms would be most beneficial to you and on what basis you wish to trade. Terms to include in such an agreement are the basis of sale, the price of goods and services, payment terms, terms of delivery, warranties and liabilities - including any exclusions of liability.
Selling to Customers
Terms and conditions of sale are the most cost effective way of regulating the sale of goods and services to customers. Traders must pay careful consideration to the way they wish to carry out transactions with consumers. E-commerce is a constantly developing area allowing businesses to contract with consumers across the world quickly and at minimal expense. Regardless of which medium a business uses for transactions, be it by computer, telephone or written contracts, there are specific laws regarding the formation of contracts, advertising and data protection.
Intellectual Property
If your organisation has created a new brand name, a logo, or an industrial process, you may wish to consider registering it to prevent others from using your work or adapting it in any way. By registering a patent or trademark you can obtain exclusive rights over your intellectual property.
If you would like to discuss how we might help you, please:
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call any of our office numbers listed at the bottom of this page;
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contact one of our specialists direct by clicking on their name below; or
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complete our enquiry form
Members of our team specialising in this area:
