An effective business should have robust and balanced contracts with its clients, customers, suppliers and third parties.  Irrespective of the sector a business operates in, it is paramount to have well-drafted contracts with the organisations it interacts with, these will establish and assert the obligations, limitations and entitlements of each party.

A well-structured commercial contract is the best way to ensure that both parties are on the same page from the outset. This is not only important for complex business relationships, such as licencing IP but also for more commonplace business, such as the provision of goods and services. Your written commercial contracts can help prevent disputes and will be the first source of reference, should the relationship between the parties start to breakdown.

When drafting a commercial contract, it is important to have an in-depth understanding of the company, its practices and procedures, so as to identify that any risk may be posed by its operations. There are certain key contractual terms that should be given special attention. These include, but are not limited to, payment terms, termination clauses, limits of liability and warranties.

Although both parties may enter into an agreement with the best of intentions, it is always advisable to include provisions for dispute resolution, in case this is ever required. Including clear parameters for what should happen in the case of a disagreement will provide an agreed legal framework for the parties.

We prepare clear and concise contracts for our clients tailored to their business’ needs and goals for the future. We are naturally inquisitive and will work with you to identify and mitigate any potential legal risks before they materialise into commercial issues. Whether you would like a one-off review and rewrite of your commercial contracts,or ongoing ad-hoc support in negotiating and varying your contracts, we combine legal expertise with pragmatic and commercially viable solutions to ensure that your business’ commercial contracts secure its objectives.