Negotiation of Contracts

Commercial Contracts are an official understanding between the parties (domestic or multinational). However, at the same time each part of the contract should be crystal clear sans ambiguity. It should also comprise of obligations and conditions (if any) of both parties involved. In the event where any of the obligations are not met by a party, the other party involved must have a solution in hand. The solution should be lawfully executable.

If a contract is prepared without thorough understanding of local laws as well as procedures and contains ambiguity then it is categorized as a weak contract. We offer adept solution to the parties in drafting contracts that are strong and legally binding.

What is Negotiation of Contracts?

This is a complex task for many reasons:

  • The value of the contract involved
  • Complex business models
  • Complicated terms
  • Multiple legal jurisdictions

The increased transactions cross border, high value, and joint ventures have made competent law firm an important requirement at the negotiation stage. Our Firm guarantees the general aspects in the contract apart from the special requirements.

  • Whether the contract can be implemented in a specific country, to which the other party belongs to?
  • Whether the contractual obligations are drafted in a proper easy to follow manner san any ambiguity that may lead to diverse legal interpretations by the Courts of law?
  • Whether the contract abides by the basic legal needs of jurisdictions of the parties?
  • Whether the contract binds the parties lawfully?

In case, the above mentioned points are evaluated prior to the parties enter into the contract, the pointless legal proceedings may be avoided.

The Firm holds experience in the area of contract negotiation and settlement.

We offer the following services with respect to the contracts:

  • Litigations dealing with Contract
  • Negotiation of contracts
  • Legal recommendation on the draft contracts
  • Preparing a formal contract based on business plan and various terms agreed by the parties
  • Contract related Arbitrations
  • Many more

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