Legal health check for new businesses in Cheshire
Starting a new business is an exhilarating time, often with a million and one tasks to fulfil before moving onto the next stage. With a variety of considerations to make at the early stages for start-ups, legal documentation often gets overlooked. Many new businesses and smaller businesses do not prioritise legal support until they encounter a problem, which is not the best position to be in.
Starting A Business In Cheshire
As a result, the start-up’s legal documentation and administration is not as organised or as legally watertight as it could be. This can lead to problems as the company grows. Problems can arise if the owners decide to sell the business. For example:
Unfavourable contract terms – the business may have been in a weak bargaining position for contract negotiations with the first few customers or suppliers and the early contracts may therefore contain unfavourable terms.
IPR ownership issues – if the workers were engaged as contractors or freelancers there may be questions over the ownership of intellectual property rights in trademark and branding.
Ineffective standard terms and conditions – the business may have obtained its standard documents from a legal document website, and these may not be entirely suitable to meet the needs of the growing business.
No written agreement between owners – it may not be entirely clear what the rights and responsibilities of the various business partners/shareholders are.
Failure to comply with legislation – insufficient attention may have been paid to the enormous body of law in the employment, data protection, consumer protection and many other fields, which can lead to a whole variety of different problems.
If you worry that any of the above might apply to you, Tebbitts & Co’s Legal Health Check can help. Our Legal Health Check involves reviewing the sufficiency of:
- Intellectual Property
- Shareholder agreements, partnership agreements and incorporation documents
- Customer and key supplier contracts
- Employment contracts
Following our review, we produce a written report providing recommendations where appropriate.
To enquire about Legal Health Check contact us on 01270 211567 or email info@tebbitts.co.uk and book your free ½ hour consultation.