Why Every Business Needs a Legal Health Check24 Feb 2020
When running a business, it can be difficult to know or remember what needs to be in place for it to run efficiently, be legally compliant and provide cover if relationships with third parties or employees go wrong. Neglecting to address basic legal questions can lead to costly mistakes down the line. It is also worth remembering that as a business grows its obligations and priorities can change. A legal business health check can spot whether a business has any gaps in its structure or in its dealings and agreements with third parties and allows the right changes and procedures to be put in place. Take a look below at how a legal health check can help your business; Employment A legal health check will assess whether your employment contracts have everything in place to ensure your business is protected, including:
- Disciplinary and Grievance policy and procedures
- Confidentiality provisions
- Restrictive covenants
- Discrimination and harassment policies
- Health and safety policies
- Emergency policies
- Equal opportunities policies
- Disability plan
- Do your agreements provide adequate protections and limit your liability?
- Do you understand your contract and know which are the key clauses to look out for in case of a dispute? Are you sufficiently certain they have been drafted accurately and include all the necessary provisions?
- What services/service levels are you promising to provide and are they realistic?
- Are your trademarks registered?
- Do your agreements with third parties assert your ownership of your IP?
- Do you comply with Data Protection legislation?