Day: February 27, 2020

The past couple of years have been pivotal in regards to the development of digital architectures within a number of fields. From finance to real estate, the usage of digitally-oriented architectures has become a staple in sectors which aren’t normally associated with “digital”. The whole of real estate, in particular, has been the clear exemplification of why everything should be digital-first. Let’s analyse the evolution of the sector in more detail. 

 

Constant Evolution 

 

If there’s one thing for which the entire real estate sector has been accused of, that would definitely be the fact that there is, generally, an “old” approach to it. The generally slow processes when it comes to either buying or selling a property have led, in fact, to the proliferation of digital structures which were made for the sole purpose of speeding up certain tasks within the real estate segment. 

This, combined with the fact that, generally, there have been a lot of different legal updates to the buying and selling process, has been the catalyst which pushed to the digitalization of the real estate sector, from commercial property valuations to real estate investments. 

 

eCommerce Approaches to Real Estate Scenarios 

 

When it comes to the real estate sector, there have been several instances of digital marketing being deployed thoroughly with an eCommerce approach. For example, listing properties is something which could be treated in the very same way eCommerce products are being treated. There are several companies who have started building infrastructures with an eCommerce feeling, rather than a lead generation one. 

That, combined with the fact that SEO, PPC and other forms of data-driven marketing are being fastly deployed within the whole of the real estate sector, is the main reason why eCommerce strategies are being deployed on a variety of different real estate companies, offering services from buying to commercial property management. 

 

To Conclude 

 

The world of real estate has changed drastically from a business perspective in the past couple of years. There are several instances of companies trying to develop digital marketing (or just digital-related) features into their own strategies. Saying that the future of real estate is digital is pretty much a safe way to confirm the fact that, in a couple of years time, there will be thousands and thousands of companies who will be digitally focused first. …

When starting up a new business, there can be many problems that happen along the way. They can either small issues or pitfalls that provide a long-term issue, resulting in your business burning to the floor before it’s truly had a chance to take off. This can be a common occurrence when it comes to pitfalls related to legal issues. If you have problems with the law this can have a negative impact on your business.

Considering this, here are 4 ways you can protect your business from a legal perspective.

 

Online protection

The majority of users and customers revert to online platforms to discover products and services. This is why having an online presence as a business is a must. At the same time, you also need to be aware of how you protect yourself legally online.

There are several considerations that you need to make including privacy policies, creating disclaimers, business statements, terms and conditions etc. This may feel like a long-winded process, but in the long run it’ll be extremely beneficial for protecting their business.

 

Creating employee contracts

It’s likely in the future, when your business grows you’ll be looking to hire employees on a full term basis. If so, you’ll need to create contracts for your employees which outlines their role, responsibilities and terms of their employment.

In signing the document, this means the employee agrees to the terms and conditions the contract and what they have to oblige to whilst under employment of the business. This provides less of a risk that employees can take legal action against you through dispute resolution solicitors for clauses in the contract.

 

Contracts with work

If you happen to be in a trade of work that deals with clients, contracts should also apply for clients too. Paying on time and for the right amount is key to maintaining your cash flow as a business. If clients decide to drop out outside the terms of the contract or are unable to pay on time, signed contracts are there for your legal protection in these situations.

This is particularly important if you’re a freelancer or a business that’s well established as it prevents clients from taking advantage of you.

 

Have a partnership agreement in place

It can be easier to set up a business when you have a partner. This makes cash flow easier and more funds available as part of the investment for the company. Even if the partner you have is a close friend or someone you trust dearly, you should still consider putting a partnership agreement in place. This will help to put a structure in place about how the business is run, the roles of each partner and how the business will be dissolved later down the line.

There are many changes that could occur to the business during the partnership which means you should keep yourselves protected. You can arrange a solicitor to put the agreement in place, but should also consider hiring a mediation …