Our Commercial Contract Solicitors Promise

A commercial contract is a legally binding agreement covering a relationship between two business parties. They denote precisely what both parties are able/unable to do for the contract to remain intact. Commercial contracts can be verbal, written or even implied formally or informally.

While verbal agreements may be quicker to agree on, if anything goes wrong further down the line, it can be challenging to prove that such an agreement existed in the first place.

Commercial contracts will typically cover things like services provided by one business to another, the sale of goods between companies, or even the quality of goods or services. More complex agreements would cover areas such as joint ventures or outsourcing of work.

There are a vast range of commercial contracts that our solicitors will draft and review, but some of the more common ones are:

• Supply contracts
• Banking and security documents
• Partnership agreements and dissolutions
• Computer and IT contracts
• Copyright and intellectual property
• Trading documentation, including standard terms and conditions for sale or purchase
• Distribution and agency agreements
• Franchise agreements
• Services and outsourcing agreements
• Confidentiality agreements
• Bespoke commercial agreements
• Joint venture agreements
• Data protection
• Licences, assignments, development agreements and service agreements
• Public procurement
• Website terms and conditions

If you are unsure of the type of commercial contract you need, we can help. Just give us a call on 020 3007 5500, and a member of our team will gladly help.

The key stages involved in drafting a commercial contract include: 

1. Initial consultation to understand the details of the agreement you want
2. Outlining any specific clauses that you would like added
3. Drafting the terms and conditions of the agreement
4. Making any adjustments to the agreement to cover risks
5. Sending the contract to the other parties and responding on your behalf
6. If needed, negotiating the contract with other parties
7. Finalising the contract, ready to be signed

Depending on your matter, a typical reviewing of a commercial agreement will involve:

1. Initial consultation to understand the details of what you seek from the agreement
2. Outlining any potential implications for the company from the current agreement
3. Negotiating on any undesirable terms and conditions in the agreement on your behalf
4. Making any adjustments to the agreement to cover potential risks

If you need a commercial contract draft or reviewed by a solicitor, we can help. Just give us a call on 020 3007 5500.

Each commercial contract is different, as is the time it takes to draft or review them. For example, a straightforward sale arrangement for a small shop won’t entail as much work as a joint venture between two separate companies.

We offer untimed initial consultations, allowing you to advise of exactly how much detail you want the commercial agreement to go into, ensuring the first draft is as correct as can be.

In the case of a commercial contract draft or review, the cost depends on the length of the document. Therefore, in a draft or review of commercial contracts, our solicitors will always require an initial consultation first.

In this initial consultation, our solicitors guarantee:

• Unlimited time to discuss the details of your commercial contract case and ask any questions you may have.
• An overview of your legal standpoint and available options.
• A clear time and fee estimate for your commercial contract case.

To contact one of our commercial contract solicitors, please call us on 020 3007 5500.