A beginner's guide to small business contracts with Tracey from Tracey Mylecharane Solicitor

So, you’ve started or are running a business… Amazing! However, like so many of us entrepreneurs, you might have found that aside from the fun client work – where you’re the expert – there are lots of other things to consider as a business owner. Think: bookkeeping, HR, IT, and… Legals!

Having a sound set of legal documents in place is a must, however we get that navigating all things contracts can be a little overwhelming. So, in episode 13, Sharon chats with Tracey Mylecharane, a Business Lawyer with more than 12 years experience in litigation and dispute resolution, and Founder at Tracey Mylecharane Solicitor, about this very topic.

Some of her key insights from this ep include:

• The three key reasons why contracts are important for every small business, from the need to adhere to your legal obligations, to protecting yourself.
• The value of treating your legals in the same way you do your branding, website and social media.
• The key types of contracts to know, for both product and service-based businesses.
• Why it’s so important to avoid a templated approach, and opt for legal documents that are tailored to your business, and your offering.
• The power of highly engaging, branded legal documents that reflect you and your business.
• The issues you might face without contracts, such as not receiving payments (eek!), falling victim to scope creep, or even getting sued.
• Tips for creating contracts (namely: be open to outsourcing!)
• The ballpark costs small businesses can expect to pay for these types of services, and the fact that payment plans are also a thing.
• Top tips for dispute resolution.

For more great legal tips and tricks from Tracey, and to get in touch, visit her:

Website

Instagram page

This podcast has been produced and edited by Snappystreet Creative