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Start-Ups Prioritise Terms Of Service
Filling The Gap In The Market
When you see a gap in the market for a service or product, that becomes a viable business. Business success depends on viability – how great is the need in the market? But success depends also in the way you run your business. Right from the start, you need to get in touch with those in the know. A business lawyer is your starting point. Business lawyers can help you with planning and all the legalities relating to your business. Depending on your type of business, you’ll need legal assistance with contracts and agreements, and most importantly terms of service.
The Importance Of Terms Of Service
Why are terms of service so important? Your business’s terms of service are a definition of your business. They need to be comprehensive and cover all aspects of your business. Everything in a terms of service affects the business owner and the client. It is a way to build client base confidence and it is a way to explain how your business works. Terms of service are also crucial in protecting your IP and any contractual relationships between your business and your clients.
Looking Through The Magnifying Glass
A legal expert in business law, as well as having experience at running their own business, would be qualified to advise a start-up. A lawyer will look at your business model through a magnifying glass. All the cracks will be clearly visible, all potential pitfalls and how you will be compliant in relation to rules in your own industry. Without expert advice, you could face liability, financial loss, miscalculations and even insolvency. Regardless of how viable your new venture is, you can’t afford to be capricious or impulsive. Measure every step and let a lawyer help you think and plan.
DIY Terms Of Service
It’s surprising and in fact shocking, how many business owners DIY their own Ts & Cs. We can’t emphasize enough the mistake you make when you draft your own Ts & Cs. It’s a bad idea and you’ll suffer the consequences along the way. You might think it’s impressive to show capacity to draft your own Ts & Cs but this is the job of a lawyer. Your job, your expertise is with the services you can provide, not with law. Think about the seriousness of amateur terms of service. The pitfalls are endless and your business will not look professional enough.
If you’re a start-up, regardless of your industry, please get in touch for a no commitment first consultation. We’ll help you organise your ideas and will help you create a check list for your new venture. SG
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