Commercial Terms of Business

Name: Commercial Terms of Business | Fixed Fee | LegalDrop
Price: 1500.00 GBP
Availability: InStock

Commercial Terms of Business reflect the way how you conduct your overall activities and where you add value to your clients and any potential suppliers and third parties. A good document will include: clearly defining your purpose, scope of your commercial terms, business procedures and fee structure, to ensure smooth running of your business, limiting your liability.

We will revise and redraft your Terms of Business for a fixed price once we understand your business model.

Who this service is for

If you're in the early stages of your business you may still need an air-tight terms of business.

Key benefits

Connect with an experienced lawyer quickly and simply
Get a qualified opinion on your issue/s
Upfront and transparent pricing

What happens after purchase?

Your lawyer will onboard you (KYC, conflicts checks, and client care letter - if applicable)

You send supporting material to the lawyer ahead of the meeting

Consultation takes place

Lawyer sends an email to summarize high level points from the conversation and quotes for any further work required

Leave a review and testimonial of your experience for future customers

FAQ’s

What the service will cover

An initial consultation lasting no more than 30 minutes – where we get to know you, your business and your main concerns.
A first revision of your Terms of Business.
Incorporation of the first set of comments.
A second and final revision of your Terms of Business, followed by a closing email or call.

What the service excludes

Any change in original instructions.
Any negotiation with third parties.
Any further calls or revisions of the Terms of Business or any ancillary documents.
Any workaround: ownership of IP, particularly around branding and privacy, though these services may be purchased separately.

Assumptions this service is based on:

Your business or services are apparent from your website or clearly set out on our first call.
You are able to clearly articulate your main pain points.
You understand what is excluded and what is included in the service.

What you need to provide

The first step after the purchase will be to provide verification of your identity and supply the following documentation so your adviser can carry out their ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) checks. Please have the following at hand but note that this may not be a complete list:
- Company name, VAT number (if applicable), registration number
- Key contacts and associated contact details including email and mobile
- The names and home addresses of all directors
- Home utility bill (no more than 3 months old) and passport for every person who owns or controls more than 25% of the voting rights of your business