Contract Advisory Services
Commercial contracts are like oil necessary to run any business. We at LexConnectcreate watertight agreements that protect the legal and commercial interests of your organisation.
SPECIALIST COMMERCIAL CONTRACT ADVICE
We draft all our clients’ commercial agreements carefully taking detailed instructions from clients, based on thorough understanding of their needs and objectives, and considering all potential commercial and legal risks.
We draft all types of contracts, whether for sale or purchase (procurement) of products/goods, services or works with varying complexities.
We also draft all types of contracts related to joint ventures, collaborations, employment, confidentiality etc. While we are able to draft many different types of agreements, we understand that a one-size fits all approach poses critical risks to any client, so we always take careful instructions to make sure those agreements reflect the clientsneeds.
We can provide secure, practical, detailed advice on the following aspects of contracts:
Contractual Breaches or Defaults
Breached contracts can cost organisations a significant amount in lost revenue and legal fees. At LexConnect our job is to fix the broken contract and recover any financial loss you’ve suffered.
The breach might be a failure to meet a delivery milestone, make payment or a work specification. The type of breach will dictate the legal options available to you. Our lawyers will assist in protecting your best interests and work towards obtaining a satisfactory and commercially sound result.
Contract Drafting
While our contracting expert lawyers understand contract law, we know as a sophisticated client expects more than that. Tha is why we take the time to understand your commercial ambitions and formulate contracts to support these for the long term.
Well-drafted contracts are essential to the performance and growth of any business. And if your commercial agreements do not have the basics of contract formation correct you could seriously damage your business. Your ability to deliver to projects and meet your commercial targets could be greatly affected.
Every organisation needs contracts that are geared specifically toward their business.
Contract Risk Assessment
Commercial agreements always involve some degree of risk. To protect your interests and mitigate these risks you should always consider expert due diligence.
At LexConnect we provide our clients with essential reassurance because we analyseall elements of the proposed agreement and explain all the risks.
Miscommunication, poor incentives, bad planning and failure to include key terms such as a cap on liability, dispute resolution clause and termination clause can erode the value of a contract, and make you vulnerable to disputes.
How we help you mitigate contract risk
Our contracting lawyers make sure our clients understand the elements of the contract they are entering from every angle.
If we do identify a potential risk, we will negotiate with the other party to mitigate or eliminate it. We will explain the details of the agreement to you in plain English, ensuring you understand exactly what you are agreeing to when you sign.
Assessing the risk of global contracts
Contracts involving international transactions or jurisdictions hold additional potential risks due to misunderstandings because of language barriers and different countries’ laws. We have partners and affiliates in many jurisdictions who we work with on a regular basis. If your contract is cross-border, we can assist you with understanding your liability in an international jurisdiction.
Termination of Contracts
If you wish to get out of contractual obligations and end a contract you must do so lawfully, otherwise you could face legal action by affected parties. At LexConnect we can advise you on ending a contract in the correct way to avoid potential problems.
The contract generally contains provisions for termination. These should be followed to end the contract lawfully. We will check these for you, interpret any tricky clauses, and advise you on how to end the agreement in a way that protects your best interests.
Terminating a contract because the other party has breached the conditions of the agreement is not a straightforward process. Expert legal advice is required to ensure expensive, stressful claims and potential litigation are avoided.
We can assist those who want to end a contract as well as those threatened with cancellation of a contract against their will.
We offer practical, commercially sensitive legal advice, and work quickly to get your matter resolved so you can get on with growing your business.
Contract Solutions – End to End Contract Management
We offer a composite end to end contract management service to help businesses draft, review, negotiate and manage contracts from creation to completion. Please click here for more details.