{"id":2144,"date":"2022-01-30T23:19:41","date_gmt":"2022-01-30T23:19:41","guid":{"rendered":"https:\/\/uk.legalvision.com.au\/?p=2144"},"modified":"2024-05-20T02:51:21","modified_gmt":"2024-05-20T01:51:21","slug":"contracts-retail-businesses","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/commercial-contracts\/contracts-retail-businesses\/","title":{"rendered":"Three Key Contracts for Retail Businesses"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Retail businesses perform a wide variety of functions. From arranging delivery of goods to arranging for the sale and purchase of goods, retail managers have a lot of responsibilities in their job. That is why retail businesses need to know the key contracts that will help protect their business. Specifically, using the right contracts will prevent potential lawsuits and keep things running smoothly on a day to day basis. This article will discuss some of the main contracts retail businesses should look to implement in the performance of their business functions.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Retail Contracts<\/span><\/h2>\n<p><span style=\"font-weight: 400\">A retail contract outlines the <a href=\"https:\/\/legalvision.co.uk\/business-sale-purchase\/due-diligence-business-sale-england-wales\/\">terms and conditions of sale<\/a> between someone looking to buy a product from your shop. Basic retail contracts can govern everything from an over-the-counter sale to the return of defective products. A retail agreement will include what is known as an \u2018offer\u2019 and \u2018acceptance\u2019, which are the two founding principles of a legally enforceable contract.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, imagine that someone in a clothes shop likes a jumper and takes it to the counter with the intention of buying it. This constitutes an offer and acceptance, forming what an intention to create a legal contract. Additionally, for the contract to be enforceable, the person must pay for the goods. In legal terms, this payment is known as consideration. Therefore, your retail contract should set out the terms of how someone can pay for an item in your shop, from using credit cards to cash.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Some shops, including mobile phone companies, also use retail installment contracts, which set out their payment terms through an installment plan. For example, over 24 months, a contract may require you to make monthly payments to a retail business for a mobile phone contract. <\/span><\/p>\n<p><span style=\"font-weight: 400\">These contracts must state:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><a href=\"https:\/\/legalvision.co.uk\/disputes-litigation\/how-do-i-enforce-a-payment-for-my-business\/\">how often to make payments<\/a>;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">how much to pay in each payment interval;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the total sum of the contract;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">where to make payments; and\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">if you owe any interest on those payments.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Retail contracts should also outline how both parties can resolve disputes relating to the agreement. Additionally, you may want to include a returns policy on that contract which should establish how long a buyer can wait before returning or exchanging goods. Moreover, you may wish to set limits on what goods they are legally allowed to exchange.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Employment Contracts\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">To compete with other retail businesses, organisations working in brick and mortar shops need to have a large workforce. To acquire new workers, it is important to have well-drafted employment contracts in place that can help protect your business and respect your employees\u2019 rights.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Poorly drafted employment contracts are one of the main causes of dispute resolutions in England and Wales. When putting together <a href=\"https:\/\/legalvision.co.uk\/employment\/express-implied-terms\/\">a new employment contract<\/a>, there are several things you need to consider, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the term of employment;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the employee\u2019s job title and an in-depth description of their responsibilities;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">any probationary periods they might be subject to;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">limits on your liability as an employer;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">confidentiality agreements;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">notice periods for both you and the employee; and\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">contract termination clauses detail the grounds for when you can end the contract.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The clearer you draft these clauses, the less likely disputes will arise as both parties will understand what they are signing up to.\u00a0<\/span><\/p>\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl fa-regular fa-arrow-down\"><\/i>\n<\/a>\n<div class=\"px-6 pt-10 pb-12 mb-10 text-center bg-gray-100 rounded-b-xl sm:px-12 test\">\n    <div class=\"mb-8 text-2xl font-bold text-orange\">\n        Need legal advice?\n        <br>\n        <span class=\"text-lg not-prose\">\n                            Call <a href=\"tel:+448081968584\" class=\"not-prose\">0808 196 8584<\/a> for urgent assistance.\n                <br>\n                Otherwise, 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A basic supply contract will build a legal relationship between a retailer and a supplier to ensure that retailer has the stock they need on their shelves. Additionally, a <a href=\"https:\/\/legalvision.co.uk\/commercial-contracts\/strategies-supplier-contract-negotiation\/\">well-written supply contract<\/a> will also help you efficiently manage your re-stock processes without having to write new contracts with new suppliers. When writing an effective supply chain contract, you need to include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">clear details on each parties\u2019 responsibilities and a suppliers\u2019 duties to supply and deliver fresh goods to the retailer;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">detailed provisions on re-orders or how often the supplier must deliver those goods;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">how payments are to be made and the fees to be paid to the supplier; and\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">provisions on how either party can terminate the contract.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As disputes can arise from unclear contracts, retail businesses must set out the obligations and key terms of that contract to avoid the threat of legal action. The three most common contracts you will come across in the retail industry are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">retail contracts;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">employee contracts; and<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">supplier contracts.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Retail contracts are perhaps the most important of the three and establish the contractual agreement between a retailer and consumer. It is also advisable to get a lawyer\u2019s advice when drafting or negotiating retail contracts. If you need assistance, our <a href=\"https:\/\/legalvision.co.uk\/contract-lawyers-lp\/\">experienced contract lawyers<\/a> can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call us today on <a href=\"tel:+448081968584\" class=\"AVANSERnumber dynamic-number\">0808 196 8584<\/a> or visit our <a href=\"https:\/\/legalvision.co.uk\/membership\">membership page<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Frequently Asked Questions<\/span><\/h2>\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1643584640552\"><strong class=\"schema-faq-question\">What is a retail contract?<\/strong> <p class=\"schema-faq-answer\">A retail contract is an agreement made between a retailer and a consumer to sell and purchase a set of goods.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1643584645598\"><strong class=\"schema-faq-question\">What should I include in a retail employment contract?\u00a0<\/strong> <p class=\"schema-faq-answer\">Retail employment contracts should include provisions that detail an employee&#8217;s duties at work, the term of their employment, how much they should be paid, and the scenarios when their contract can be terminated.\u00a0<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"9eb4f72322\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/2144\" \/>            <input value=\"https:\/\/legalvision.co.uk\/commercial-contracts\/contracts-retail-businesses\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"Three Key Contracts for Retail Businesses\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Retail businesses perform a wide variety of functions. From arranging delivery of goods to arranging for the sale and purchase of goods, retail managers have a lot of responsibilities in their job. That is why retail businesses need to know the key contracts that will help protect their business. Specifically, using the right contracts will<a href=\"https:\/\/legalvision.co.uk\/commercial-contracts\/contracts-retail-businesses\/\">Continue reading <span class=\"sr-only\">&#8220;Three Key Contracts for Retail Businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13324,"featured_media":631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"1347,1737,2362,784,1954,2025","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[37],"tags":[174,408,491,492],"class_list":["post-2144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-contracts","tag-commercial-contracts","tag-employment-contracts","tag-retail-contracts","tag-contractual-terms"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail Businesses - What Contracts Should You Use? 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He has two years experience working at a City firm in London, and is a qualified journalist with the Press Association. While Eddie has experience working in Commercial Law, he has special expertise in Medical Law and Health Care practice having completed a Master's in Law with Medicine and Health Care at the University of Liverpool. Qualifications: Master of Laws (LLM), University of Liverpool; Law with Philosophy (LLB Hons), University of Liverpool; NCTJ Level 5 Diploma, Sports Journalism, Press Association.","sameAs":["https:\/\/www.linkedin.com\/in\/eddie-carruthers-4a72a2b2\/"],"url":"https:\/\/legalvision.co.uk\/author\/edwardcarruthers\/"},{"@type":"Question","@id":"https:\/\/legalvision.co.uk\/commercial-contracts\/contracts-retail-businesses\/#faq-question-1643584640552","name":"What is a retail contract?","acceptedAnswer":{"@type":"Answer","text":"A retail contract is an agreement made between a retailer and a consumer to sell and purchase a set of goods.\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/legalvision.co.uk\/commercial-contracts\/contracts-retail-businesses\/#faq-question-1643584645598","name":"What should I include in a retail employment contract?\u00a0","acceptedAnswer":{"@type":"Answer","text":"Retail employment contracts should include provisions that detail an employee's duties at work, the term of their employment, how much they should be paid, and the scenarios when their contract can be terminated.\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/2144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/users\/13324"}],"replies":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/comments?post=2144"}],"version-history":[{"count":5,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/2144\/revisions"}],"predecessor-version":[{"id":188115,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/2144\/revisions\/188115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media\/631"}],"wp:attachment":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media?parent=2144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/categories?post=2144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/tags?post=2144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}