Our corporate lawyers can help with drafting contracts for you which set out in plain English the terms you have agreed commercially.
A good, clear agreement is usually the best protection you can put in place to avoid costly litigation expenses. Best of all, our lawyers can prepare an agreement for a fraction of the costs which may be incurred if a dispute arises.
Our approach is to draft complex agreements in simple, understandable language so that you understand what you are agreeing to before you sign a contract.
Our team has years of experience working for businesses both as external legal advisers and in house. They know that every deal has its own complications and that a practical and creative approach to finding the best solutions for your business is the most valuable aspect of our role.
There are a number of key issues to consider on a business agreement.
Who are you contracting with?
Whilst it may seem relatively straightforward, it can sometimes be difficult to identify who you are entering into an agreement with. If you wish to do business with another party, are they operating through a limited company, an unincorporated association as part of a partnership or in their individual capacity? You will need to clarify the legal status of the other party at the outset of the agreement to ensure that any contract is signed correctly.
Do you need a tripartite agreement?
If you wish to contract with a particular individual, but they operate through a limited company, you may need a ‘tripartite agreement’. A tripartite agreement has your business, the individual and the company through which the individual provides their services as parties to the agreement. With such an arrangement, you can enforce obligations against both the individual and the company.
Have you agreed the key terms?
You will need to ensure that you have agreed the key terms of an agreement before finalising a contract. Key terms often involve price, delivery times, performance standards, the length of the agreement and any restrictions on either party.