Understanding legal documents: A quick guide for small businesses

Small businesses commonly encounter contracts, NDAs, employment agreements and supplier terms. This guide highlights what to watch for.

Key documents

Service & supply contracts

Check: scope of work, payment terms, termination clauses, liability caps, and dispute resolution.

Employment agreements

Check: probation, notice periods, IP assignment, and confidentiality obligations.

Non-disclosure agreements (NDAs)

Check: definition of confidential information, duration, and permitted disclosures.