People do business with each other for a whole host of reasons. Often it will be a simple case of a person selling something or providing a service to another in the ordinary course of their respective businesses.
In those circumstances a good set of terms and conditions will usually be sufficient, in other circumstances the importance of the transaction to the parties will justify them entering into a longer form contract to govern their relationship.
Often, larger entities such as public bodies, PLCs, banks, insurers, franchisors and manufacturers will present businesses who want to contract with them with service level agreements, franchise agreements, agency or distribution agreements, long term supply agreements, joint venture agreements and other commercial contracts in their standard form, fully expecting them to be signed in that form without any negotiation.
However, as such agreements are very often generic in nature and intended to cover a multitude of very different circumstances, some of the provisions may be inappropriate to a particular relationship or transaction and others may contain dangerous traps for the unwary.
KBL commercial solicitors can guide you through these agreements, identify those terms which are inappropriate, excessive or unfair and help you negotiate amendments to the agreement to ensure that you understand what your rights and obligations are and that the commercial risks are no greater than you are willing to accept.
There will be other times when putting a contract in place will be of great benefit to you and your business. You may be collaborating with another business in the development of a new product, sharing confidential information of considerable commercial value to you, making a substantial investment in time or capital or looking to secure business critical relationships for other reasons.
We understand that having a well drafted contract in place that clearly sets out the terms agreed ensures that the parties fully understand what is expected of them and what they are entitled to under it. It helps reduce the risk of disputes arising and allows the parties to deal with each other in confidence going forward.