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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.

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!).