When you agree to do a job for another person or business in exchange for money or some other benefit, you are probably entering into a commercial contract. If so, this contract is legally enforceable regardless of whether it was a just a 'handshake deal' or a written agreement.

Things to consider before signing a contract:

• Do you know your business status?
• Is the contract in writing?
• Have you read all the terms?
• Does it include important basic information?
• Does it contain a detailed description of services or the result to be achieved?
• Does it set out how and when payments will be made?
• Is there an arrangement for settling disputes?