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Contractors bankroll big business as overdue payments skyrocket
Late payments to small businesses, including contractor limited companies, have leapt by 40% to £26bn according to research by payments firm Bacs.
�Contractors who contract through contractor limited companies are sharing�
Category:
News
| Thu, 12 Mar 2009
Contractor guide to charging interest on late payments
Contractors have a statutory right to claim interest on late payments. The law says if customers pay late, they pay interest. Here’s how it works.
�s a payment late? When a contractor enters into a contract with their client or agency, one of the key claus�
Category:
Articles: Legal
| Tue, 17 Mar 2009
Yet more evidence emerges that contractors must get contracts checked before signing
A recent ruling by the Court of Appeal highlights how essential it is for contractors to get their contracts checked by an expert before they sign.
�ments with agents or clients without having their contracts first checked by an expert are putting themselves� �rced, rather than coming to the decision that the contract is void simply because it is badly written. This�
Category:
News
| Mon, 30 Mar 2009
Contractors should act now to stay on right side of October’s companies legislation
A raft of new regulations and laws came into force from 1st October and, one month on, contractors should ensure they have taken appropriate action.
�nies Act, which will affect those contractors who contract through their own limited companies . Action shou�
Category:
News
| Thu, 30 Oct 2008
When a contractor signs a contract with terms they’d not agreed
Contractors who sign a contract that includes a mistake may find it is still binding, even if their agent or client was aware of the error.
�be aware of the implications of mistakes in their contracts with agents and clients. In some cases, the prese� �ases, the presence of the mistake invalidates the contract, but in others the contract is still binding. Con�
Category:
Articles: Legal
| Thu, 27 Nov 2008
What contractors should do if their agency or client goes bust
Agency or client gone bust? Phil Richards from accountants Blevins Franks tells contractors what to expect.
�in. “An agency may be unable to trade but have a contract with a major client to supply staff. If this cont�
Category:
Articles: Legal
| Thu, 23 Oct 2008
When contractors are between contracts, they still get paid
When your first contract runs out, and you're still working on renegotiating it or renewing it with the same client, you still get paid for your work.
�ever, probably be wrong to apply this strategy to contracting. You should take care to renew your contract well� �ou do about the work you're performing in between contracts? ''Clearly the rates determined by the previous c� �Let's say your first contract with an agency runs out, and you're not finished�
Category:
Articles: Legal
| Thu, 31 Jan 2008
Handling breaches of contract whilst contracting
When agents or clients breach your contract, you should react with notification, and if appropriate and necessary, termination of the contract.
�ittle-Jones Day Typical Breach of Contract in Contracting For us contractors, typical examples of major bre� �them clearly is the surest way to resolving most contracts disputes.� �When agents or clients breach your contract, you should react with notification, and if appro�
Category:
Articles: Legal
| Thu, 17 Apr 2008
Handling unfair termination when contracting
If the client or agent blames you for something that clearly isn' t your fault, and terminates you, what can you do?
�y simply blames you and puts an early end to your contract. Blaming the Contractor Is Easy But there are oth�
Category:
Articles: Legal
| Wed, 14 May 2008
When a client unfairly terminates your contract after you’ve given notice
Most contracts have a notice period to allow an orderly conclusion to a project. But what can you do if your client terminates your contract immediately when you hand in your notice?
�ake up the difference. Manage client expectations Contracting by its nature is not a permanent arrangement, lik� �most contractors will have a notice period in the contract with their client. This works to both sides’ bene�
Category:
Articles: Legal
| Tue, 17 Jun 2008
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