Networks tighten contracts to gain greater hold over broker members

Brokers could face the prospect of legal action as networks tighten up contractual obligations in the wake of increasing competition in the sector, according to industry experts.

David Hopwood, director at Layton Blackham Business Solutions (LBBS), said: "Brokers should be aware of the tie-ins that are involved with the contracts they sign, and pay close attention to any notice periods. Networks are making it very difficult to get out of contracts."

In light of Broker Network's purchase by Towerga