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For businesses and organizations, the key requirement is to ensure that the legal arrangements allow the full commercial benefits to be realized. In the day-to-day course of business, regardless of the size of your operation, it is fundamental to regulate and document your business relationships.
To do this, your with suppliers, customers, distributors and agents must be drafted in a way which properly protects your business interests.
Weak or non-existent make a business unstable. Sound legal advice is therefore essential when drafting these documents to prevent your business from entering into one-sided agreements and avoid time-consuming and financially dangerous repercussions in the event of breaches of contract, or if the matter needs to be taken to court.
It is important to make sure that all of your business contracts are drawn up professionally and are legal watertight, as it is essential that both parties understand the terms included and are aware of their rights and responsibilities afforded by the contract. Poorly worded contract terms could have serious implications for both parties and their stakeholders.
Usually, the following are included in :
Running a business involves entering into many different relationships and dealing with many different people and organizations. The terms of each different relationship and arrangement need to be documented so that each party is aware of his/her rights and obligations and duties in respect of it. As well as ensuring that both parties understand the agreement being made, they also ensure that there is a signed record of the agreement in case disputes srise. Each type of agreement must satisfy certain legal requirements and these will differ according to the nature of the relationship and the form of business.
For example, terms and conditions of sale are essential in setting out the between the business and the customer. The content of the terms and conditions must comply with the law and this is different depending on whether the customer is a business or a consumer. In all the agreement is designed to set out the terms by which all parties within the contract will be legally bound. If any party breaks the contract they have signed, this is called a ‘breach of contract’. If you do break the terms of a contract you have signed, there could be far-reaching consequences. Our specialist team of commercial solicitors and barristers act for a broad spectrum of clients and have expert knowledge and experience in the drafting of all types, species and sub-species, of , including:
We advise commercial entities of all sizes – from start-up businesses, small and medium sized business and to the large corporate enterprises throughout India and internationally. We support businesses in a variety of ways. Our expert team of solicitors and barristers draft terms and conditions of business, prepare contract documentation, advise on contractual risk, regulatory compliance, give legal advice in contract structuring, post-contract management and administration and identification of claims and resolving disputes.
There are lots of reasons to use the templates available on our site:
Our contract templates are written in (relatively) clear English.
The templates are designed to be tailored by you to suit your particular requirements. They come with detailed explanatory notes to help your tailoring.
The contract templates have been drafted by expert team of Solicitors and Barristers with many years’ experience advising on issues of commercial law.
The contract templates are regularly updated to keep pace with changes in the law.
They are very cheap.
The templates come with a money-back guarantee.
Commercial Contracts and Agreements According to Law. (2020, Jun 01). Retrieved from https://studymoose.com/commercial-contracts-and-agreements-according-to-law-essay
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