Contract/Agreement Drafting

Building a business with a lot of hard work without putting terms of business on record through contracts can land you in disputes later. Litigating disputes at a later stage with assistance of an Attorney is costly, time-consuming, and therefore consulting Counsel at an earlier stage to get the agreement drafted/ vetted is surely more logical option. Costs incurred on Contract Drafting are investment expenditures for which parties to contract get the benefits over the period of time to come, possibly by avoiding litigation. In case of litigation, clear setting of terms through contracts, gives the right to aggrieved parties to try the suit in court of law. As contracts form an integral/fundamental part of commercial litigations, terms of contract must be fairly negotiated, properly drafted, and reviewed to ensure that intentions of the parties are covered by the contract.

Drafting a contract that leaves the least potential for willful misinterpretation of law requires skills gained over years of experience. Several disputes have arisen between parties with respect to jurisdiction & applicable law, commercial terms, termination clauses, IP ownership, confidentiality, technology transfer, turnkey transactions, distributorship, force majeure. Our team of experts who are well aware of these disputes ensure that contracts are drafted taking into consideration the latest position of law.

Process

  • Understanding
    Requirement
    Understanding the modus-operandi and subject matter from the party/ies forms the first step of the contract drafting.
  • Discussion¬†After receiving the write up from party/ies, a detailed discussion takes place between the counsel and party/ies.
  • Writing & ReviewExperts write a comprehensive agreement based on write up and detailed discussion, and share with the party/ies for their review.
  • FinalizationAgreement/Contract is finalized after necessary iterations.

Timelines

As it can be appreciated, time taken for contract drafting depend largely on the complexities of the subject matter covered. But on an average, we conclude the process within seven to ten working days.

Frequently Asked Questions

Though each contract differs from other in terms of the contents, following things usually form the part of the agreement.

  • Description of parties
  • Description of consideration
  • Duties and termination
  • Dispute & Settlement
  • Remedies
  • Arbitration
  • Jurisdiction
  • Signatures