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Commercial Contracts

Commercial contracts are the bedrock of successful business relationships, giving clarity over each party’s rights and responsibilities, as well as security should anything go wrong.

Getting the right contract or agreement in place is not something you can afford to take for granted – it requires careful consideration of what your business needs and what could go wrong. And this is where expert legal advice can be so critical.

At Legal Assure, our Commercial Law team helps our clients to negotiate and prepare commercial contracts that promote and protect their business, and which can be relied upon in the event of a dispute. Our clients can thus do business with confidence, knowing every detail has been accounted for.

Our commercial contracts and agreements expertise includes:

  • Drafting contracts and agreements
  • Reviewing contracts and agreements you have been asked to sign
  • Negotiating contracts and agreements
  • Exiting commercial contracts and agreements
  • Commercial contract disputes

The team has rich experience in drafting and negotiating all kinds of commercial contract arrangements including outsourcing and other service provision agreements, joint ventures, franchises, supply contracts, strategic relationship agreements, agency arrangements and manufacturing agreements.

Common Types Of Commercial Contracts In India:

  • Service Agreement
  • Non-Disclosure Agreement
  • Partnership Agreement
  • Loan Agreement/Security Agreement
  • Licensing Agreement
  • Distributor Agreement

We care about the success of our clients’ businesses and view commercial contracts as an important part of their development, rather than simply an exercise in dry legal drafting. Our approach is robust, commercial and pragmatic, seeking to enable your success rather than create barriers.

Taking time to understand our clients’ businesses and commercial interests, we draft contracts that reflect the issues that have a real strategic or commercial impact for our clients. That way, we can ensure our clients are set up for long-term success.

Commercial Contracts

We enable effective commercial relationships through sound contracts and agreements

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Frequently asked questions

Commercial agreements and contracts are very essential as they legally determine and create liability over parties who enter into agreements for transacting a business, sealing a deal, selling and buying of movable and immovable goods, renting and leasing of properties etc. In each and every aspect of a transaction the formation of contracts and agreements is indispensable.

A commercial contract may refer to a legally binding agreement between parties in which they are obligated to do or restrain from doing stipulated acts and include all aspects of a business, such as hiring, wages, leases, insurance, loans and employee safety. Negotiations are the starting point of any commercial relationship and commercial agreements are drafted to record the negotiations between the concerned parties in writing so as to give them a legally binding nature.

There are several types of commercial agreements including partnership deeds, licensing agreements, shareholders agreements, MOA and AOA, and other such agreements.

Commercial contracts identify involved parties and their deliverables. They outline transaction details, payment terms, goods or services exchanged, date, and price. However, it's important to note that each commercial contract is different and contains varied elements.

For a commercial contract to be valid and enforceable, it must fulfill four key elements. Those are: agreement, capacity, consideration, and intention to create legal relations.

To make commercial contracts enforceable, there must be an offer, acceptance of the offer, consideration, and the intention to be legally bound. Also, the term 'consideration' means "something in return."
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