Contract preparation and negotiation is at the heart of most business dealings and is one of the most significant areas of legal concern for all business owners.
From preparation and negotiation of leases, selling or buying a business or documenting relationships and understanding between business associates, Kenny Spring will work with you to ensure the best possible commercial outcome based on your requirements.
What is a business contract?
A contract is a legally binding agreement that outlines specific terms between two or more people. A legally binding contract must include:
- An offer
- Acceptance
- Intention of legal consequences
- Consideration (usually the monetary value).
A contract can be between parties within the business such as a partnership agreement or shareholders agreement. Or it can be between the business and a third party such as an equipment hire agreement or lease.
You should get a solicitor to draft your contracts
Preparing and negotiating business contracts and agreements can be complex. Too often, the parties involved push each other towards agreeing to a deal before they have taken the time to consider what it is they are really hoping to achieve, and what they can realistically offer in terms of services and resources.
By getting Kenny Spring to draft your contract or agreement, you will ensure clarity of the terms. We will make sure all those involved clearly understand the obligations imposed upon them and the details agreed upon. Having the terms drawn up by a solicitor will also make it much easier for you to enforce the terms of the agreement going forward.
We can negotiate your business contracts for you
Our solicitors at Kenny Spring are able to work with you to ensure the best possible outcome for any business contract.
We will help you work out your preferred position, what is your acceptable position and what you are not willing to negotiate on. From there we can make sure that the agreement and negotiations are tailored to your needs and that your rights are being protected.
For more information about how we can help you prepare and negotiate business contracts please contact one of our commercial law experts.