What you need to know about commercial contracts
Every business will have a multitude of contracts covering everything from the lease of their property and loan agreements to everyday contracts with suppliers and customers. It is essential to ensure that your contracts are not only legally binding but that they are also properly drafted to protect your legal interests.
Before entering any contract it is important to get a solicitor to ensure that it is in your business’s best interests.
In this section we outline some of the major aspects to consider in drafting a commercial contract and look at these issues in relation to some typical commercial contracts, such as terms and conditions, agency agreements, sales agreements and finance contracts.
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