When you start or grow a business, it is important to have legally binding agreements in place. These protect you, your partners, your customers and the business.
Without this protection, you have a number of risks such as:
Falling out with business partners. This can lead to closure of the business or you losing ownership unless you have clearly set out what will happen if partners decide they don’t want to work with each other again.
Being sued by a competitor or customer. This can have massive costs for a business as well as reputation loss.
But it is difficult to know exactly what agreements you should have in place and how they should be worded – and legal advice can be costly.
For more advice, contact your accountant or the organisation that gave you access to BuBul. They may offer help or refer you to someone they trust. If not, email hello@bubulexpert.com telling us what you need advice on, and we’ll connect you with one of our trusted experts*.
*Our experts don’t pay to be on BuBul, and they don’t pay us commission. They will offer you 30 minutes of free advice.