Contracts are an important part of life for many business owners. Whether you’re forming employment contracts when you hire somebody new or making a big deal with your supplier, it is likely that at some point you will have to deal with making them.
Even if you don’t make many, you’ll probably have to sign quite a few in your time as a business owner. If you lease the premises for your business then you’ll have to sign a contract agreeing to pay rent for that fixed period. If you agree to provide a client with a big order that’s reliant on being completed by a certain date, they’ll probably make you sign a contract for that too.
How much do you know about contracts? There might be some information in this week’s infographic that you did not know so take a look and bear it in mind when writing or signing your next contract.