Tackling your legal needs can seem like a daunting task, but it doesn't have to be. With Dragon Law, you can get access to all the documents you need. Creating documents is fast, easy, and affordable. There are several documents that you might need as a sole trader.
As a sole trader, you might be undertaking consultancy work or employing a consultant. A Consultancy Agreement clearly sets out the services to be provided, as well as payment obligations and termination conditions. It also deals with issues such as ownership of intellectual property and confidentiality. If you are the consultant, this is the key document that you will need for your business.
As your business expands, you might need to hire people. An Employment Contract sets out the obligations and expectations of the company and the employee right from the beginning. An Employment Contract should cover key areas such as probation period, pay, benefits, hours, annual leave, and termination. It will help to minimise potential disputes and the risk to your growing business.
Sale of Goods Agreement and Supply of Services Agreement
A legal agreement for the sale of goods or supply of services helps to make your customers aware of their rights and obligations from the moment you start doing business with them. If you are selling goods, you will need a Sale of Goods Agreement. It typically covers the description of what is to be bought, the price, delivery and returns, and how the contract can be terminated. Use a Supply of Services Agreement if you're providing services to another business or individual. This agreement describes scope and nature of the services provided as well as the service levels, the fees to be paid, the timescale, and how to change or terminate the agreement.
When running your business, you will need to share commercially sensitive information. It is important that you preserve confidentiality with a legally binding agreement, especially when intellectual property is at stake. A Confidentiality Agreement, also known as a Non-disclosure Agreement (NDA), allows you to enter into business relationships without having the risk of information being used for other means or passed to a third party.