India Entry & Business Startup Consultings

Drafting of Agreement/ Contracts

Drafting of Agreement/ Contracts

The Drafting of Contracts and Agreements is to be entered into by such businesses is a prominent and essential exercise, which a company requires for careful handling of corporate matters. One needs to understand the key points to be kept in mind while drafting agreements and Contracts to ease delayed legal battles in court or arbitral tribunals. Objects of the drafting of Contracts and Agreement includes Pre-requisites for Drafting of an agreement or contract, Legal battling be fixed, Parts of an Agreement or Contract. Drafting of Contracts and Agreements must not be misinterpreted and providing a clear picture of intention conveyed in such contracts/ Agreements.

OBJECTIVES OF DRAFTING OF CONTRACTS AND AGREEMENTS ARE:

  • Modification of Financial and Legal Risks
  • Creation of Legal rights and liabilities
  • Safeguarding Business plans and Ideas
  • Pre-requisites for Drafting of an agreement or contracts
  • Type of Transaction or Subject matter to be entered into
  • The organizational structure of Parties
  • Term and Conditions of Agreement or Contract
  • Negotiations between the Parties
  • Date of Effecting the Agreement
  • Legal Provisions or stipulation, if any, related to such Agreement or contract.

PARTS OF AN AGREEMENT OR CONTRACT:

Although every Agreement or Contract possess different parts depending upon its nature, however there some parts which are usually seen in the agreement:

  • Title (Name of Agreement), effective date and Description of Parties;
  • Recitals
  • Definitions of certain Terms
  • Terms and Conditions
  • Legal Disputes redressal mechanism
  • Escalation clauses
  • Confidentialities
  • Witness Clause
  • Schedules or Annexures.

BENEFITS OF DRAFTING AGREEMENT OR CONTRACT SERVICES:S

• Agreement will become Presentable

• Acceptable & Objective Oriented

• Legal Correct

• Certainty of subject matter and terms

• Factually Correct

• Legal Liability & Tax Implication

• Quick turnaround time

• Assurance on the credibility of information

• Cost-effective solutione

How ASC Helps?

  • Assist in refining the draft of contract and agreement
  • Assist in customizing existing document templates
  • Vetting of Agreement
  • Assistance in negotiating an agreement.
  • Assistance in tracking contracts and renewal of contracts.

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