Why Signing On The Dotted Line Could Cost You

B….t or B…….t

As you can see one gap is bigger than the other….I let you fill in gaps 😊

Put quite simply, UK politics has never experienced a gap like last couple of months.

There’s a tendency to leave things right up until the last month for individuals of any party to agree to the deal.

When we do things under pressure, it’s human nature to start making mistakes, as we are fearful of time running out.

Whilst the majority of us are fed up with what’s going on in Westminster, it’s evident that the issue that arose was as a consequence of Theresa May getting up at 4.15a.m to attend meetings at Brussels.

… and on the back of whatever negotiation was put to the PM and her Team, signed on the dotted line, thinking that the MPs back in the UK would willingly accept it as she was the leader.

Naturally, dismissing the bigger picture has wasted valuable time and cost the UK with the inextricable delays that followed on from that ill-fated decision to sign on the dotted line.

The agreement is now binding, say the EU, with no room for movement to go back and discuss alternatives.

In summary, the EU does not wish for us to leave, but hardcore Brexiteers confirm that we do have to.

… and walk into the deep unknown fog that beholds us.

This got me thinking with my own clients going through the same ill-fated, direct hard selling that beholds them when they take pen to paper and sign on the dotted line.

Without understanding the contractual elements, I have seen it take many of my clients’ business to their knees.

… So far that they start to suffer legally and financially for it.

So what are the basic steps that one can do:

1) Read the Clauses in the Contract – are there any penalties that you should question?

2) If unsure – go back to the party that presented you with the contract and request for guidance as to what it means?

3) Negotiate any clauses that you are unhappy about, or take them out.

4) Its your contract – draw a line through any of the clauses that you don’t want to present in there and take it out accordingly

5) Get specialist help and/or advice if you think you have been presented with something that is so long that its outside your understanding.

I have helped many of my clients get out of large contracts.

They can appear as demeaning, especially as they are small businesses, and I always take a fair approach and get unnecessary clauses removed from contracts.

Contract drafting and negotiation is key, and without having basic conditions in place would mean that you would leave yourself with difficulty at a later stage.

Don’t sign on the dotted line without pre-checking the conditions put in front of you.

If you know someone who needs this advice feel free to share, or pass on my contact details for them to get in touch:

Tel: (+44) 0208 088 4565