Commercial Contracts whether domestic or
multinational, are nothing but the formalised understanding between
the parties to the contract. But at the same time every portion of
the contract needs to clearly without any ambiguity, the obligations
of both the parties along with the conditions, if any. It is
important that if any of those obligations are not met by a party,
the other party should have a clear legally executable remedy. But
if a contract is drafted without understanding the local laws and
procedures and if there is any ambiguity in the contract then it is
week contract. The Firm helps the parties to draft strong and
legally binding contracts.
Negotiation of Contracts is a very complex work not only because of
the value of the contract but also because of complex business
models coupled with complicated terms and multiple legal
jurisdictions. In the recent past due to increased cross border
transactions, joint ventures and high value, the requirement of the
involvement of a competent law firm in the negotiation stage itself
becomes necessary. Our Firm ensures the following general aspects in
the contract, in addition to the special requirements,
- Whether the contract is executable in a particular country,
to which the other party belongs to?
- Whether the contractual obligations are properly drafted in a
self-explanatory manner without any vagueness that may lead to
different legal interpretations by the Courts of law.
- Whether the contract complies with the basic legal
requirements of all the jurisdictions of the parties to the
contract?
- Whether the contract as it is written binds both the parties
legally?
If the above said points are scrutinised before the parties enter
into the contract that will avoid future unnecessary legal
proceedings. The Firm has a strong experience in the area of
negotiation and finalisation of contracts. The services of the firm
with regard to the contracts include the following,
- Negotiation of contracts
- Legal opinion on the draft contracts
- Creating a formal contract on the basis of the business plan
and the other terms agreed by the parties
- Contract related litigations
- Contract related Arbitrations etc.,
