Preparing agreements, contracts and terms can often slip to the bottom of your priority list, but delaying writing these may cost you in the long run.
What are Commercial Agreements and why are they important?
Commercial agreements are the foundation for how your business will operate. They will manage the relationship with suppliers/customers and will protect you should anything go wrong.
Here are just some examples of commercial agreements that might be necessary for your business:
- Agency Agreements
- Distribution Agreements
- Franchising Agreements
- Non Disclosure and Confidentiality Agreements
- Outsourcing Agreements
- Purchase Contracts
- Settlement Agreements
- Sponsorship Agreements
- Supply of Goods and/or Services
- Terms and Conditions
- IT Agreements
- Software and other IP Licensing
Why do you need them?
Do you have commercial agreements in place? If not, then you’re not alone. Many companies operate without having given thought to what might happen if things go wrong. You may be happy with the relationship now, but it may not always be that way. The result of a breakdown in the commercial relationship could be an expensive and time-consuming legal battle. Why not save yourself these headaches in the future by having some agreements written to manage the relationship from the very start and to ensure that there is a clear mutual understanding? Many commercial disputes stem from a simple misunderstanding by one party or the other as to what was agreed rather than something more malicious, but this makes the disputes no less painful if each party is adamant that it is right and there is no clear evidence one way or the other.
How can we help?
We will work closely with you to identify which commercial agreements would be necessary for you to have. We’ll then write the agreements for you, and in doing so, we’ll consult closely with expert lawyers from our Employment, Corporate, and Commercial Property teams to ensure that you are fully protected and every possible aspect is considered.