You may be: Managing your contracts and business relationships is very important.
If the contract conditions are not met it is possible to terminate the contract and seek compensation or damages.
Contract warranties are less important terms and not fundamental to the agreement.
A law protecting small businesses from unfair contract terms in standard form contracts applies to contracts entered into or renewed on or after 12 November 2016, where: Once you’ve signed a contract you may not be able to get out of it without compensating the other party for their genuine loss and expenses.
Compensation to the other party could include additional court costs if the other party takes their claim against you to court.
TIP: If it is not possible to have a written contract make sure you have other documentation such as emails, quotes, or notes about your discussions to help you identify what was agreed.
Most contracts end once the work is complete and payment has been made.
A standard form contract is a pre-prepared contract where most of the terms are set in advance with little or no negotiation between the parties.
These contracts are usually printed with only a few blank spaces for adding names, signatures, dates etc.
However in some cases your only option may be to ‘take it or leave it’.