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Top 5 Legal IT Support Essentials for Businesses
You might be on the verge of setting up your own business, or you might be planning to expand your existing business. Whatever, the reason may be – there are many factors that keep you occupied with fundraising and engaging suppliers while we miss out on the legal work. However, there are five key legal essentials that must be considered while setting up a business.
Organize a Definite Business Structure
Businesses – be it a small local coffee shop or a big branded garment store, the concerned business owners need to set up a well-defined business structure that fits to meet their goals and requirements. A sole trader structure would be appropriate if your focus is on a long-term business operation with no specific goals in growing the business.
For businesses looking to expand their day-to-day operations in a shorter time span involving more people requires an efficient company structure.
A Well-Defined Employment Agreement
A well-defined employment agreement includes intellectual property, termination, leave entitlements, confidential data and more. This helps you to hire employees to assist you with your business. This helps to secure business and prevent employees from misusing the business data. The employment agreement can also be customized to apply to each new employee which can prevent legal actions like unfair dismissal.
Customized Terms and Conditions for your Business
It is critical for businesses to frame clear terms and conditions that engage a genuine relationship with your clients. In case if your business involves selling products – following are the terms and conditions
• Terms of Payment
• An agreement under the Consumer Law
• Dispute resolution procedures; and
• Restrictions of disclaimers.
Each business has a unique name and logo that must be trade-marked for its authenticity. Trademarking is used to protect the logo and name through a legal registration.