Commercial Contracts
In an increasingly litigious society, it is now more important than ever for businesses to ensure they have enforceable contracts with third parties, i.e. customers, suppliers, etc. Commercial contracts form the basis of solid trading relationships. However, if these are not in writing, companies can be exposed in a number of ways, for example:
Unlimited liability if claims are made against the company;
Intellectual Property
Intellectual Property Rights (IPR) refer to creations of the mind: inventions, literary and artistic work; and symbols, names, images and designs used in commerce. IPR allow individuals to own their creativity and innovation in the same way that they can own physical property. These include patents, trademarks, copyright, design rights and trade secrets. In business, IPR can be powerful tools for gaining commercial advantage and can become very valuable assets for any business.
IT & E-commerce
There has never been a more critical time to address the issues of IT security. Businesses must keep pace with security developments to ensure that they can work effectively as suppliers to large organisations that have developed more comprehensive security policies. If not, then their attractiveness as business partners can be impaired. In addition, as larger enterprises make themselves increasingly secure, smaller firms can be seen as “the weakest link” in a supply chain and an easy point of entry to these organisations.
