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.