Legal Agreements | Legal Contracts/Agreements Drafting And Legal Vetting

Legal Agreements

A legal contract or an agreement is not a mere piece of paper for signing between two parties, but it protects one business entity with its rights and remedies.

An agreement also creates responsibilities, conditions, manners, time limit, monetary issues, etc. so that every corner of the deal is sealed correctly failing Tandoor Manufacturer which it may result unforeseen loses.

A legal contract or an agreement has to be drafted with all sine qua none, i.e. heavy limbs as below :

definitions

• scope of work/service
• obligations / do's and don'ts
• commercial liability
• documentation & invoicing
• termination
• validity
• waiver
• IPR protection
• force majeure
• dispute & settlement
• penal clause
• observation and applicability of the law
• Survival cum Protection clauses
• place of performance /supply
• Business Secrets & confidentiality
• non – competitive clauses
• non-solicitation
• non-disclosure
• Amendments
• Severance etc

Every agreement has to be drafted with special caution, and stereotype drafting may have a fatal result.

A legal and valid agreement should have the essential ingredients i.e

• simplicity
• clarity
• futuristic
• options
• definitions
• Straight & small sentences

Hence, all the following agreements have to be drafted in terms of specific requirements and nature of supply/service involved therein:

• Service Agreement
• Supply Agreement
• Sale & Supply Agreement
• Technical Agreement
• Franchise Agreements
• Confidentiality Agreements
• Procurement Agreements,
• Tri-parties agreement
• Joint Venture Agreement
• Authorisation Agreement
• Marketing Agreement
• Job Work Agreement
• Licencing Agreement
• Non Disclosure Agreement etc.

ILLEGALS, a full-service law firm, advises drafting every legal agreement by considering every aspect of law, rights, scope, liabilities & remedies at least so that a deal is not made in a stereotype and loose-ended manner.

It is also essential to understand that no business entity can afford to face endless litigations, and hence, it is always advised to opt for an arbitration agreement. Therefore, it has to be ensured that there is an inbuilt provision of arbitration in every transaction.

Contract Vetting
Legal Vetting means making a careful and critical examination of documents to be executed in terms of the law.

Legal vetting of contracts results from thorough due diligence of clauses of the agreement and also results in ensuring the following:

• all safeguards are taken
• the specific role is defined
• monetary security
• legal remedy
• well defined issues
• clarity of aspects and monetary terms

etc. since a poorly drafted agreement will not only result in confusion in wordings but may also result in losing your stand due to the anomaly created by the usage of the words.

Since,  an agreement has to be read, understood and analysed as per the wordings and expression employed in the body of a contract. It is pertinent to understand that under no circumstances, any artificial word can be infused or an additional meaning can be drawn other than what is understood in a literal manner.

Therefore, it is always advised to go for a legal vetting of an agreement/documents to save unforeseen loses which could be averted if a proper action of legal vetting by a law firm is executed in time.

The copy paste or stereotype legal agreements/contract and documents may be suicidal, and hence a legal expert has to be approached to make a proper legal agreement and for legal vetting of materials as well.


For agreements and legal vetting, please contact us.