Trained Lawyers can help you Negotiate Advantageous Terms
The reputation of a business is often defined by the sum of the transactions that take place in its name. There can be different transactions including purchase of raw materials, sale of services or finished goods, hiring of services among others and all these involve exchange of money. By seeking the guidance of experienced commercial lawyers, you can maximise your ability to negotiate and enjoy advantageous terms on transactions within the framework of Australian law. As a business owner or partner, you must be vigilant about every dollar that you spend and ensure that you get your hard-earned money’s worth. Every business transaction that you conduct must be accompanied by a legal contract. All parties involved in the transaction must agree to and sign the contract for the transaction to be legitimate.
A contract is essentially an agreement between the parties involved in the specific transaction in question and contains terms and conditions that govern the execution of the transaction. It will also specify potential situations such as non-payment or delayed payment, non-delivery or breach of contract etc and the corresponding consequences. When a vendor or third party offers a contract for you to agree to and sign, you must ensure that you fully understand the terms.
Some common examples of commercial agreements could include:
- Terms and conditions pertaining to purchase or sale of goods or services
- Franchise, agency, outsourcing or distribution agreements
- Marketing and sponsorship contracts
- Joint ventures, business to business contracts as well as research and development agreements
- Contracts pertaining to leasing or hire purchase
- Service and maintenance agreements
Expert business lawyers can not only protect you from potential litigation but can also help you formulate contracts that are in alignment with your business interests. Commercial contracts can be signed between a business and a vendor, buyer and seller, employee and employer, tenant and landlord or between two business partners. Once the document is validated by signatures from all concerned parties, there is reduced likelihood of ambiguity regarding terms and conditions. Please be aware that without a legally valid, written agreement in place, no court can help you recover your losses or costs. A business agreement is tangible proof that a transaction has to take place in accordance with the terms specified in the contract.
Most importantly, reliable counsel can help ensure that the contract covers unexpected situations so that no unpleasant surprises arise out of the blue. Seasoned commercial lawyers can help you create contracts in the best possible manner with vendors, collaborators and customers. They can also help ensure that the agreement is clear and unambiguous, law compliant, water-tight and suitable for the purpose for which it is being formulated.