Prevention is the most effective strategy for protecting your business from contract disputes. The first step is to ensure a legal professional thoroughly reviews all contracts before signing, and that all parties clearly understand the terms and obligations.
The Australian Competition and Consumer Commission (ACCC)2 provides valuable resources on consumer rights and fair contract terms, which can be a helpful starting point for understanding your rights and responsibilities under a contract.
Clear communication, detailed record-keeping and a willingness to address disagreements promptly and professionally can also help prevent minor issues from escalating into full-blown disputes. Remember, investing in legal guidance upfront can save you significant time, money and stress in the long run.