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Bad Cash Flow Kills Businesses: Top Tips To Improve Your Business Cash Flow

Bad Cash Flow Kills Businesses: Top Tips To Improve Your Business Cash Flow

It is no exaggeration to say that poor cash flow kills businesses every day.  Businesses that go on to survive and thrive have a number of strategies in place to ensure that they are increasing sales and collecting payments on time. One of the best strategies is having a great standard contract in place that makes it easier to collect payments on time and imposes consequences on bad debtors.

Read on to learn more about contract terms that smart businesses use to protect their cash flow:

What is a Terms of Trade and Do I Need One?

What is a Terms of Trade and Do I Need One?

A ‘terms of trade’ is a legal document setting out the terms on which the business will provide goods or services.  Having a well written terms of trade is one of the most important investments you will ever make in your business. It can benefit your business in many ways, including by helping your business: get paid more money; get paid on time; reduce the risk of getting sued; and develop stronger and better relationships with customers.

Read on to find out more about what terms of trade are and why your business needs one.

5 Reasons Your Business Needs A Client Services Agreement

5 Reasons Your Business Needs A Client Services Agreement

A client services agreement is a contract between your business and your clients. Having a great client services agreement is one of the most important investments you can make in your business. A great client services agreement can help your business in many ways, including by helping your business get paid more money, get paid on time, reduce risk and keep better clients for longer. Read on to find out more about what client services agreements are and why your business needs one.

"We trust each other... why do we need a Shareholder Agreement?"

"We trust each other... why do we need a Shareholder Agreement?"

Shareholder Agreements are essential when setting up a company with someone else. If that “someone else” is a friend, family member or someone you trust… in some ways, it can be even more important to have a Shareholder Agreement. Click here to find out why a Shareholder Agreement is the best investment you can make in your business venture.

Can I send a cease and desist letter?

Can I send a cease and desist letter?

A robust cease and desist letter can be a powerful tool to protect your rights without incurring the cost and inconvenience of litigation.  But, you should not send a cease and desist letter without proper legal foundation and it is important to get the content right as the letter may be used as evidence in future legal proceedings (for or against you!).