But contracts with customers, suppliers and employees (and others) are after all your first and best protection – and your legal redress – against the detrimental actions of third parties that could, quite feasibly, put you out of business.
Don’t rely on ‘DIY’ contracts even though these are readily available online to cut and paste to your own requirements – you may well end up with documents that are irrelevant, contradictory and incomplete.
And when it comes to employment, don’t be under the illusion that a contract will give your employees rights you don’t want them to have! In reality, they already have automatic and powerful rights in law – while the employer has few, if any, without a contract. Be upfront, don’t wait until the end of a probation period for instance. In fact get your employees signed up before they join.