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What contracts does my small business need?
Contracts are the foundation of a legally protected small business. Whether you’re engaging clients, hiring employees, or leasing a workspace, well-drafted contracts help protect your interests, minimise disputes, and ensure compliance with Australian business laws. Below are four essential contracts every small business in New South Wales (NSW) should have.
1. Terms and Conditions (T&Cs)
- Outlines the rules and expectations for doing business.
- Defines payment terms, refund policies, warranties, and disclaimers.
- Helps enforce late payments or breach of contract issues.
- and create legal recourse in case of disputes.
2. Service Agreements (Client Contracts)
- Formalises agreements between your business and clients or suppliers.
- Includes scope of work, deadlines, pricing, and termination clauses.
- Prevents misunderstandings and non-payment disputes.
Why You Need It: Without a legally binding agreement, clients may refuse to pay, demand extra work, or challenge agreed-upon terms.
Why You Need It: T&Cs protect your business from liability, set clear customer expectations,
3. Employment Contracts
- Establishes the rights and responsibilities of employees.
- Covers salary, job roles, confidentiality clauses, and termination policies.
- Ensures compliance with Fair Work Act 2009 (Cth).
Why You Need It: Protects against unfair dismissal claims, workplace disputes, and breaches of confidentiality.
4. Lease Agreements (If Renting a Business Premises)
- Defines your rental obligations, including lease term, rent increases, and property maintenance.
- Ensures compliance with the Retail Leases Act 1994 (NSW) if leasing a commercial space.
- Prevents disputes over bond refunds, renovations, and early termination.
Why You Need It: Helps avoid costly landlord disputes and unexpected financial liabilities.
How ALA Law Can Help
At ALA Law, we draft, review, and negotiate airtight contracts to safeguard your small business. Whether you need T&Cs, service agreements, employment contracts, or lease reviews, our teamensures you stay legally protected. Contact us today for expert contract advice or download our Essential Contracts for Small Business Checklist here.
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