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Commercial Contracts Solicitors
Our specialist lawyers can assist in preparing and reviewing contracts for all of your business needs, such as:
Terms and conditions of business
Most businesses require some standard terms and conditions to be prepared in order to govern their relationship with their customers. Usually terms and conditions set out what will happen in the event that one party breaches the contract, decides to terminate the contract, how the price for goods/services shall be calculated, and how payment should be made.
Distribution agreements
A distribution agreement is when a manufacturer or wholesaler appoints a distributor to sell their products in a given territory.
Agency agreements
An agency agreement is when an agent is appointed to act on an individual’s behalf to sell or promote goods or services.
Non-disclosure agreements/confidentiality agreements
A non-disclosure/confidentiality agreement may be required if you are intending on giving confidential information about your business to a third party. This could be because the third party is considering investing in your business or because you are considering collaborating with another business. If this is the case you may require security so that the third party cannot disclose that confidential information to anyone else, including your competitors.
Joint venture agreements
Joint venture agreements are required when two separate parties come together to form one commercial enterprise but wish to retain their own identities. An agreement is required in order to govern the relationship between the parties and sets out, for example, how profits will be split and the obligations of each party.
Bespoke contracts with suppliers or customers
Many clients require bespoke contracts for use with their suppliers or customers to ensure that they have adequate protection before entering into a business relationship.
The purpose of a Non-Disclosure Agreement (NDA) is to ensure that any confidential information that is disclosed to any potential investors, clients, suppliers or creditors, cannot be disclosed to third parties. An NDA is a contract that protects the confidentiality of information that is shared and governs the way in which such information can be used. An NDA can be used to protect trade secrets or ideas that could be copied by others. Confidentiality Agreements are similar to NDA's.
It is important for you to have terms and conditions for your company to ensure that your business relationships are governed in the way that you want them to be. Terms and conditions are not a legal requirement but we would strongly recommend that you have them in place. Terms and conditions can deal with aspects such as when delivery of items or goods take place, payment provision interest provisions and any warranty provisions. When a company deals on their standard terms and conditions they must be reasonable in accordance with the Unfair Contract Terms Act 1977.
A joint venture is when two or more parties join together in business in relation to a specific project or task. A partnership is the coming together of two or more individuals who wish to continue in business going forward and agree to share the profits and losses of a business. Essentially, joint ventures are short term agreements but partnerships tend to last much longer.
For further information or to speak to one of our experts, please get in touch