Commercial contracts cover a broad range of everyday legal issues related to running a business, alongside governing the relationship between trading parties.
Although it’s not a legal requirement to have commercial contracts in writing, it’s highly advisable to do so as they can formally protect your business in the case of disputes. But getting the terminology right so it reflects the unique requirements of all parties can be tricky.
Off-the-shelf or self-drafted contracts using standard terminology aren’t always adequate, as they can result in an ambiguous commercial contract that’s open to interpretation and ultimately don’t protect your interests. I can also lead to issuing contracts that can’t be enforced, or exacerbate the problems in a dispute.
Accessing legal advice prior to signing contracts is vital for safeguarding your business, outlining what you’re agreeing to & the consequences of breaching the contract.
Our corporate partners can help your company establish a contract that can fully protect your interests if things go wrong. Our partners can draft, review and negotiate commercial contracts and are experienced in writing agreements that minimise risks and manage liability.
Get in touch to find out how we can help you.
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