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Commercial contracts review

You frequently enter into commercial arrangements for the supply of goods and services, this being a fundamental part of operating and maintaining a school. Any type of purchase or supply agreement, be it verbal or written, will inevitably be contractual and there are certain key issues you ought to consider before entering into any legally binding agreements or arrangements.

As public bodies, schools and academies have a duty to ensure that they get value for money from spending public funds. For academies, this is no clearer than as set out in the Academies Financial Handbook which expressly states:

The board of trustees has wide discretion over its use of trust’s funds, which it must discharge reasonably and in a way that commands broad public support. It is responsible for the proper stewardship of those funds, including regularity and proprietary and for ensuring economy, efficiency and effectiveness in their use – the three key elements of value for money”.

Our service

Contracts come in many different forms, differing in length, value and type of arrangement. Our contract review will be presented by way of written report, highlighting any key issues and flagging any unusual terms (if any) which ought to be considered. We provide practical as well as legal advice.

To be able to offer a fixed fee we would require sight of the proposed contract but to give an indication of costs, typically for a fixed fee of £500 plus VAT we can review one commercial agreement. Clearly, contracts that are significant in length or of particularly high value could incur a higher fixed fee. For more information please read our service guide.

Contract review service guide

Top tips - read these top tips before signing on the dotted line…