Law for Small Business For Dummies - UK, UK Edition
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It's important that you remember to take important legal steps when you're growing your small business. When your business is really flying, you're rushing round excitedly like a howling dervish doing the following simultaneously:
  • Securing your next round of funding for sales and marketing.

  • Consolidating your supply chain.

  • Developing user growth and/or revenue.

  • Obtaining market validation.

  • Developing sales and distribution channels.

  • Expanding into new markets and territories.

In your quieter moments, here are the legal priorities you have to contemplate as your business takes off:
  • Agreeing terms for "series A" funding and signing agreement(s).

  • Negotiating and agreeing trading agreements for manufacture, distribution and licensing, wholesaling, and retailing.

  • Negotiating and agreeing service agreements for sales agents, sales affiliates and using software as a service (SaaS).

  • Contracting with consumers.

  • Applying consumer law properly (for example, the Consumer Rights Act, 2015).

  • Putting a proper process in place for dealing with consumer complaints.

  • Contracting abroad — exporting, franchising, licensing and setting up subsidiaries.

About This Article

This article is from the book:

About the book author:

Clive Rich is a lawyer, mediator, arbitrator and negotiator. He is Chairman of LawBite, an online legal service providing 'Simple Law for Small Companies' (www.lawbite.co.uk).

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