Contract and Commercial Lawyers
Contract and commercial law is legislation that regulates the binding agreements or commercial contracts entered into by individuals or corporations. This is also the law which regulates the hiring practices of corporations as well as their manufacture and sales of consumer goods.
What is Contract and Commercial Law?
It is common for individuals, businesses and corporations to enter into a binding contract with another individual or business entity in a commercial nature. The contract may involve licensing deals to buy or sell franchise agreements or agreement for both parties to get involve in commercial trade. It may also contain agreements concerning the structuring of business transactions in a way that they may comply with the existing laws on commerce and trade.
The contract and commercial law regulates individuals and businesses or corporations to abide by the agreement found in the contract that has been signed and agreed upon by both parties. Breach of contract of either party may result to litigation in court and other legal problems.
Who Needs Contract and Commercial Lawyers?
Contract and commercial law firms and lawyers are trained to help people and businesses understand the laws and the legalities that bind them when they enter into an agreement and sign a contract. Individuals or business entities can also benefit from the services of contract and commercial law firms and lawyers if they are planning to set up a business.
The contract and commercial law firms and lawyers can help them plan their business transactions well by giving them legal advice on issues such as the correct practice on hiring employees as promulgated by the law, going into a joint venture with another individual or business, or doing business transactions with other entities. The expertise of the contract and commercial law firms and lawyers can be beneficial to:
- Individuals planning to set up a business. Even during the planning stage of putting up a business, the advice of a Contract and Commercial lawyer can benefit individuals. The lawyers can help them plan their business in a way that it won't break any laws.
- Individuals or businesses seeking mergers or joint ventures. Contract and Commercial lawyers can give advice to individuals and businesses seeking to venture into joint business ventures. The lawyers can help in setting up an agreement and a contract that will be beneficial to both parties.
- Corporations seeking restructuring in their business
Basically, the legal services of the contract and commercial law firms and lawyers include: corporate restructurings, corporate governance, changes in equities, drafting and negotiation of contracts, corporate housekeeping, incorporation, mergers and demergers, and establishing of domestic and foreign branches.
If you are an individual or a company seeking help on the legalities of your business or if you are in the process of drafting a contract and need legal help, hire the assistance or services of the contract and commercial lawyers.