Enterprise and business
If you take good care of your business, you can do business without worries.
Doing business means making appointments. Lots of appointments. With partners, staff, suppliers, customers, the government, etc. Good contracts are therefore a necessary part of a healthy business economy. Whether it concerns “internal” contracts, such as shareholder agreements and employment agreements, or “external” contracts, such as takeover and cooperation agreements. (Advice on) a good contract in which clear rules of play are laid down, makes it possible for the company to focus on the development of the company.
A good contract is clear as a tightly organised march route: who participates and under what conditions, what is the destination, what input is needed to achieve the goal, who makes the decisions, what happens if things go wrong along the way, who can intervene and what sanctions can be imposed.
Organising such a march route is a profession. Our profession.
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The importance of the notice of default
Almost every entrepreneur has to deal with it at some point; a counterparty who does not fulfill his/her agreements. In this article Gentia Niesert, attorney at contract law, explains how you can act towards your counterparty in such a situation and what the importance of a notice of default can be.
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