It is virtually impossible to do business today without at some stage being a party to a business contract.
The types of business contracts that you may come across will vary according to both the scope and scale of your business as well as the market you operate in. Over time your business needs are likely to grow and evolve and we are here to assist you when that happens.
Beware of the DIY Contract
While it may occasionally be tempting to take a ‘cross fingers and do-it yourself approach’ the reality of the modern business world is that a poorly drafted contract won’t save you money in the long run.
On the contrary, chances are that at some point down the track, an ill thought out contract or agreement is likely to cost you significantly, not just in dollars but also in time and personal stress.
The ideal time to take advice is before entering into a contract. However, if you have already entered a contract without obtaining legal advice we may still be able to assist you and recommend that you contact us sooner rather than later to discuss your options.
In a perfect world all business contracts would be carefully drafted and prepared and the parties to a contract would all understand their obligations and willingly fulfil their responsibilities under the contract.
Unfortunately, this utopian dream does not always come to fruition and even if you have been proactive in taking advice before entering into a business contract you may still find yourself embroiled in a contractual dispute with either the threat of litigation looming or actual proceedings commenced.
If this ‘worst case’ scenario arises we are able to assist you.
While not all contractual or business disputes end up being litigated even disputes that start out as litigated proceedings can often be resolved through thoughtful negotiation and alternate dispute resolution.
Our Sydney business and commercial lawyers are skilled at working to diffuse seemingly impossible situations with the aim of achieving timely and cost effective resolutions that allow our clients to get on with running their businesses rather than worrying about contract disputes. If you find yourself in this situation please feel free to call us to discuss your options.
Each different business contract will have at its core a specific set of parameters, aims and potential restrictions. We are adept at negotiating all aspects of contract preparation and negotiation and look forward to assisting you achieve your business goals.
How We Can Help
Our experienced business and commercial lawyers are able to help with the preparation and execution of a wide range of contracts from the small and seemingly straightforward through to larger more complex transactions.
After taking your instructions we can work with you to ensure that the best terms possible are negotiated on your behalf and that as far as possible both you and your business are protected from future disputes and litigation.
The range of business contracts that we are able to prepare and advise on include:
- General commercial contracts including negotiating, preparing and drafting new agreements or advising and re-drafting existing contracts;
- Contracts for the purchase and sale of a business;
- Partnership agreements;
- Employment contracts;
- Contracts for the sale and supply of goods and services;
- Agency agreements;
- Distribution agreements;
- Licensing contracts;
- Credit arrangements including credit and finance applications;
- Terms of trade;
- Leases including plant and equipment leases – proactive advice can ensure that you do not agree to unfavourable terms ;
- Franchise agreements;
- Joint ventures;
- Shareholder agreements;
- Commercial and retail leases;
- Confidentiality agreements; and
- Management contracts.
At Ivy Law Group we’re committed to sharing useful information regularly. We understand for some people the importance of getting some context around your legal issue before engaging legal help!
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