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Commercial Contracts

Crafting commercial agreements to enhance business confidence and protecting business interests.

Jun 26, 2021 Contract Law

Need for Business to know about risks related to their Contracts

#eeramindz# contract services

Commercial Contracts are the basic foundation of the business relationship for every organisation with its suppliers and customers.The well crafted terms in commercial contracts can uplift business confidence and help mitigate any contractual risk & avoid disputes. 

Some contracts must comply with specific laws and regulations, in areas such as media, aviation, advertising, marketing and procurement, and in other regulated sectors. We advice our clients to achieve compliance by reflecting their business relationship in legally compliant contracts, while eliminating any ambiguity about the rights and obligations of the parties to the agreement.

Our Commercial Contract Framework

Eeramindz Contract Framework

We operate and provide services across all the important stages of a contract lifecycle:

Pre-contractual:

  • Contractual and financial risk analysis
  • Audit of tendering documents/bidding files
  • Contract and Procurement Frauds
  • Contract management training of the project team (project managers, buyers, legal advisors, controllers)
  • Developing contract management approaches/methodology
  • Contractual assistance for drafting and reviewing contractual documents for legal enforceability
  • Mitigation strategies pertaining to high impact contractual risks

Post-contractual:

  • Writing of contractual letters, claims and contract variations
  • Assist in developing strategy for costs and quantity control
  • Contract Audit
  • Contract Claim analysis and negotiation support
  • Mitigation strategies against cost overruns
  • Pre-contention settlement at the reasonable cost
  • Contract Dispute and Claim Management

Project close-out:

  • Settlement of the final account
  • Assistance in claims or dispute resolution
  • Assistance in compiling supporting arbitration files
  • Commercial settlement strategies and negotiations

There are number of commercial contracts and other related matters that our experts can help you create, enforce and protect, including :-

  • Consumer Contracts
  • E- commerce
  • Master services agreements 
  • Manufacturing agreements
  • Consultancy agreements
  • Contracts for the supply of goods 
  • Contracts for agency and distribution arrangements 
  • Contracts for sponsorship and franchising
  • Contracts for employer/employee relationships
  • Government contracts
  • IT procurement
  • Technology 
  • Intellectual Property
  • Managing commercial issues relating to the 
    • Ownership and licensing of intellectual property rights (IP law)
    • Branding
    • Confidentiality agreements (NDAs)

Why choose Eeramindz ?

Our team provides bespoke advice on all areas of commercial contracts, procurement and related disputes. Based on our experience we can help you minimise the liabilities, respond rapidly to situations which could adversely impact your business and advise you on the merits of any claims you may face from individuals, contractors or customers. 

Beyond your contract management strategy, we can also provide you with an integrated legal services  approach which maps technology decisions with your business objectives. Whether you need help reviewing the terms of an agreement, or scale up your business or technology landscape, or legal advice on a dispute, our integrated team of experienced advocates and consultants can support your business, no matter the commercial legal requirement. Our Advocates and Consultants work with you to protect your innovation, minimise the risk and stay compliant with applicable laws and regulations.

To know more about the services or related assistance, you can talk to one of our commercial contract advocate by calling +91 766 9192 999. You can also fill in our Contact form to request a call back at your convenience.

FAQs- Commercial Contracts

Written agreements are crucial to the business success, as they provide a clear framework to help manage commercial transactions and relationships with consumers, suppliers, partners and shareholders. Business contracts can also be used to mitigate risks and assign liability to particular aspects of a deal; however, they must be fair to both parties and legally binding.
It is important that commercial contracts are very clear and precise, as any vagueness or uncertainty may raise disputes that can result in potentially costly litigation. A well-drafted contract will seek to avoid any uncertainty by including provisions that give precise instructions by creating required rights and obligations.   
A contract is a legally enforceable agreement which gives certain rights and responsibilities to those that agree to their terms. Contract formation is a practical question and is often determined by analysing the prior negotiations (such as email chains) between the parties
The essential elements of contract formation also apply to terms of business displayed on your website or app. Importantly your customers must be given the opportunity to accept or decline the terms, for example, by completing a tick box and clicking a button. Additional requirements as to the type and amount of information to be included in the terms of business will vary depending on whether you are engaging consumers or businesses.