If your business buys, sells, trades or provides services, it is very likely that it will have to enter into contracts with individuals or other businesses. If your business negotiates well, obtains favourable contract terms for itself and has the right approach in fulfilling the contract, it will grow and thrive. If your business gets it wrong, it could quickly become mired in costly disputes from which it may not recover.
At Libra Solicitors, we are committed to helping you achieve your commercial ambitions. For a confidential discussion about your business needs, call us today on 01223 632420 and arrange an appointment. We look forward to hearing from you.
Whether we are negotiating terms on your behalf or assisting you implement the terms that you have already negotiated, our expertise could help you achieve the right outcome in respect of a wide variety of contracts. Below is a non-exhaustive list.
The importance of written contracts
There are many businesses that continue to rely on verbal contractual agreements. It is only when there is a dispute that the need for a written agreement becomes obvious.
At Libra Solicitors, we believe that well drafted contracts and business documents such as partnership agreements or sales contracts, can often be the quickest way to resolving any disputes that do occur as they will allow for dispute resolution. In addition, by implementing them in a timely and correct manner, they are likely to promote a good working relationship between different parties.
Whatever the business relationship, whether it is business to business, business to individual, or even a relationship between different individuals in the same business, well drafted contracts and documents are important building blocks that could provide stability.
However, if there is dispute, a badly drafted contract is not necessarily better than having no contract all. In a dispute that results in litigation, the contract will be one of the documents the court will consider carefully. If it has serious flaws that could be attributable to you, it may well damage your chances of defending your interests.
How we can help you
Whatever the type of contract you are hoping to implement, whether it is a partnership agreement, a contract between businesses for the supply of goods, or some other type of contract, you need to be clear about your objectives.
At Libra Solicitors, we are committed to giving you clear, practical advice that could help you achieve your objectives. Our expertise in strategic planning, for example, could be a significant advantage to you during contract negotiation.
As the contract terms themselves can often be negotiated, we could also help you ensure that the contract includes the right terms that will in all likelihood, benefit you both in the short and long term, particularly if a dispute arises.
Alternatively, if you are contemplating litigation or are involved in a contractual dispute, our expertise in respect of civil litigation or alternative dispute resolution, could help you enforce your rights and protect your interests. For a confidential discussion in respect of contracts and the issues that may be concerning you, call us on 01223 632420 and arrange an appointment
We take the time to understand what you want your contracts to achieve and we will tailor their provisions so that they reflect your individual needs. Whilst doing so we can build into each contract the flexibility you need for your business to grow and we can include contract terms that will limit your exposure to risk.
For example, you may want a contract that can be varied effectively at short notice, or you may wish to include a clause that avoids costly litigation in the event of a dispute and instead requires the parties to engage in an alternative dispute resolution process. You should note however, that contract terms that exclude liability in certain situations, such as death or personal injury caused by negligence, will be ineffective.
In addition, we will ensure that the contract is compliant with the regulations governing the industry in which your business operates. Should the contract place regulatory obligations on you, we will advise you on how to comply.
To view our contracts faqs click this link or call for a confidential discussion about your business needs, call us today on 01223 632420 and arrange an appointment. We look forward to hearing from you.