Whether you are selling goods, buying services, licensing intellectual property rights, or developing an outsourcing strategy, a robust commercial contract should be at the heart of your arrangement.
Our commercial law team are experts in this field. So if there is any misunderstanding in the future concerning what should, or should not have been done, this document will be the definitive point of reference.
You may consider that your longstanding arrangement, often consisting of no more than a handshake, has served you well over the years without the need to be formalised. But what if an unexpected problem were to occur? What if you wanted to terminate and the other party objected? What if the same person were to contract with your competitor? Sadly, statute is vague and courts are reluctant to imply commercial terms where none exist.
Any number of aspects of your commercial relationship will be included in the contract. Typically, it will establish payment terms and specify the charges to apply if these are not followed. If performance fails, then the agreement can be used to establish the extent of the liability of the parties. If commercial arrangements are to be confidential the commercial contract will establish how this will work in practice.
Our expert commercial solicitors are here to advise you how best to work commercial contracts to your advantage. They are used to preparing documents for use in a number of industries, negotiating key terms, and more importantly ensuring that the document signed properly reflects the deal that has been struck. Often preparing agreements at short notice, we are skilled where the boundaries are uncertain or the agreement is to cover an unusual situation.
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