Ramsden Lawyers’ Gold Coast commercial lawyers are ready to provide their expertise and advisory services to business clients ranging from local start-ups to national corporations. We are experienced in providing guidance to businesses on all interactions with clients and suppliers and tailor commercial agreements to your unique circumstances and industry.
Managing the Details on Your Behalf
When drafting commercial agreements, there are a number of essential clauses that must be included regardless of the nature of the transaction. The basic clauses that a commercial agreement should contain include the following.
Outlining the nature of the goods or services to be provided from one party to another;
Detailing the amount due for payment and how payment will be provided (i.e. lump sum or instalments);
Length of the agreement (i.e. one-off transaction or ongoing relationship);
Explain in detail the rights and obligations of all parties to the agreement; and
Set out the grounds for termination and whether dispute resolution will be specified.
Commercial agreements are vital to the overall success of a business – by addressing many of the common points of disagreement at the outset, the protracted length and costs of litigation can be avoided.