The Small Print That Can Cost You Money

contracts entered into for services bought in by members. A number of members have recently contacted the Helpline seeking advice as to how they might get out of long-term contracts for the provision of consultancy services.  In some cases members have found themselves ‘locked in’ to contracts for 3 to 5 years! Getting out of these contracts can be a tricky and often impossible business.
It is vital that you are fully aware of rights, obligations and restrictions contained in any commercial contract – particularly the small print! This requires checking the extent and enforceability of liability, indemnity and restriction provisions and determining which terms are absolute obligations.
BWF has produced a brief guide to the do’s and don’ts –