B2B Contract Issues

Discussion in 'Legal' started by Steve Myring, Sep 10, 2019.

  1. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    Hi all,
    I'm looking for advice on B2B contract that I was misled into signing and within 24 hours of signing I told them to cancel and offer their product to another "able to pay" company
    Thank you
    Steve
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #1
  2. intheTRADE

    intheTRADE UKBF Contributor Free Member

    93 14
    In what way were you misled?
     
    Posted: Sep 10, 2019 By: intheTRADE Member since: Apr 14, 2019
    #2
  3. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    I was misled by the fact they didn't let me read Ts&Cs before signing the online pdf. Plus they said that the stands were in demand and I should sign now. I've since found out that they are having trouble selling stands for the exhibition in Nov 2019.
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #3
  4. intheTRADE

    intheTRADE UKBF Contributor Free Member

    93 14
    They didn't let you? as in they said no you cant read them or as in you signed without asking to see and read them?
     
    Posted: Sep 10, 2019 By: intheTRADE Member since: Apr 14, 2019
    #4
  5. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    When they sent over the pdf to sign, he told me about the price, repayment terms and that was it, when I asked about the other text on the document he said don't worry about that.....
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #5
  6. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,015 447
    What are you expecting to find in the T & Cs thats going to be relevant? They will have written them for their benefit. If you want to read them, you should have persisted.

    That's a fairly vague statement and unlikely to be misselling. If one other person is interested there is "demand"

    What do you mean by this?
     
    Posted: Sep 10, 2019 By: NickGrogan Member since: Nov 15, 2012
    #6
  7. Mr D

    Mr D UKBF Legend Free Member

    16,193 1,804
    What does the contract say about cancelling?
     
    Posted: Sep 10, 2019 By: Mr D Member since: Feb 12, 2017
    #7
  8. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    They said it was a one time offer as other people were interested in having the allocated stand, that is why well within the first 24 hours I contacted them to say, they might as well offer it to someone who has the funds.
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #8
  9. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    When I asked about cancelling, they stated "You can't as it's a standard B2B contract"
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #9
  10. Mr D

    Mr D UKBF Legend Free Member

    16,193 1,804
    What they say is not necessarily true.
    ie they may lie.

    Learn when to walk away from a sales pitch.

    One time offer, must sign today to secure, just sign and we'll take care of the paperwork afterwards, I cannot get the boss to hold this offer beyond 5pm. All sorts of stuff gets said to get you to commit.

    Cancelling or voiding a contract after signing can be hard to impossible. You aren't protected like consumers are, you aren't treated like a child that needs protection from those big bad companies. And can easily sign your business up to a 10 year million pound debt if not careful.
     
    Posted: Sep 10, 2019 By: Mr D Member since: Feb 12, 2017
    #10
  11. Mr D

    Mr D UKBF Legend Free Member

    16,193 1,804
    Not what they say. What the paperwork says about cancelling.
    There isn't a standard B2B contract though stuff such as 14 day cancellation you have as standard in consumer contracts only exist in B2B if the contract is written that way (rare).
     
    Posted: Sep 10, 2019 By: Mr D Member since: Feb 12, 2017
    #11
  12. The Byre

    The Byre UKBF Ace Free Member

    8,863 3,466
    So you still have not read the contract?

    Just how much money are we talking about here?
     
    Posted: Sep 10, 2019 By: The Byre Member since: Aug 13, 2013
    #12
  13. Steve Myring

    Steve Myring UKBF Newcomer Free Member

    6 0
    Its £3500
     
    Posted: Sep 10, 2019 By: Steve Myring Member since: Sep 10, 2019
    #13
  14. The Byre

    The Byre UKBF Ace Free Member

    8,863 3,466
    The only way you can get out of that contract is if they fail to live up to the letter of the contract.

    HAVE YOU READ THE DAMN THING YET???
     
    Posted: Sep 10, 2019 By: The Byre Member since: Aug 13, 2013
    #14
  15. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,015 447
    Anything they said is irrelevant, it's what is written in the contract that matters.

    Are you saying you cannot afford the fee? Why did you sign up?
     
    Posted: Sep 10, 2019 By: NickGrogan Member since: Nov 15, 2012
    #15
  16. Newchodge

    Newchodge UKBF Big Shot Free Member

    12,464 3,236
    Sounds accurate
     
    Posted: Sep 10, 2019 By: Newchodge Member since: Nov 8, 2012
    #16
  17. MY OFFICE IN CHINA

    MY OFFICE IN CHINA UKBF Big Shot Full Member

    4,314 870
    Get a competent lawyer to read the contract. You can explain to them how the contract was offered for you to sign. Then follow their advice.

    It will cost you.
     
    Posted: Sep 11, 2019 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #17
  18. Clinton

    Clinton UKBF Big Shot Free Member

    4,338 1,604
    If it's any consolation, you're not the only one.

    Here in UKBF we get a regular stream of people who signed business contracts without reading them, and then regretted it.

    "But it was a special offer."
    "The salesman said it was the last one left so I had to decide on the spot."
    "I don't understand all this legal stuff."

    And the funniest one:

    "But I get a 14 day cooling off period"

    We get so many enquiries like yours that I put together a special thread: Join The Other Geniuses
     
    Posted: Sep 16, 2019 By: Clinton Member since: Jan 17, 2010
    #18
  19. Nord20

    Nord20 UKBF Regular Free Member

    511 116
    Have you paid them yet?
     
    Posted: Sep 18, 2019 at 8:11 PM By: Nord20 Member since: Mar 8, 2011
    #19
  20. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

    3,377 1,008
    To follow the flow of the thread, the terms of the contract will be in the contract.

    The best time to read it is before you sign. The (poor) second best time is now.

    In reality you have almost certainly committed yourself to sign. You might get some leniency but are unlikely to get out Scot free.


    Business basics

    1. Don’t believe what salesmen tell you
    2. RTFC
     
    Posted: Sep 18, 2019 at 8:44 PM By: Mark T Jones Member since: Nov 4, 2015
    #20