DRAFTING & VETTING OF LEGAL DOCUMENTS
Drafting & Vetting Of Legal Documents- A contract is a valid agreement entered between two or more parties that create a legal obligation to perform any particular duty. A contract is valid when it contains the essential elements such as offer and acceptance, lawful consideration, lawful object. We find many people enter into various contracts in day-to-day life either for business or for personal reasons. In India, contracts can be made both in written and oral form. E-contracts (online contracts) are also valid legally in India. It is very important to note that the terms of the contract need to be drafted carefully, to negotiate and review the terms to meet the requirements of the parties involved.
CONTRACT DRAFTING
All contracts cannot be negotiated by both parties, for example, form contracts like rent agreements, banker agreements, etc. While drafting a contract, it is important for each party to check that their rights, duties, and obligations are covered properly or not. The requirements, interests, and prospects of both parties need to be clearly covered. If there is any ambiguity or misunderstanding of the terms, it is necessary to define such terms. Also, legal jargon should be avoided in a contract, as it may create confusion between the parties.
SOME TYPES OF BUSINESS CONTRACTS:
* Marketing Agreements
* Lease deed
* Franchise Agreements
* Confidentiality Agreements
* Procurement Agreements, etc.
LetsComply can help you to prepare a watertight contract which will protect all your interests and rights.
CONTRACT VETTING
Before signing a contract, it is important for each Party to read the clauses of the contract carefully, Parties need to validate the contract to check the inclusion of all their obligations and rights. If there is any uncertainty in the provisions of the agreement, it needs to make it proper and valid. Each party shall ensure that all the terms of a contract are legally valid and binding on both the parties.
It is always recommended to consult an expert for entering into the business or commercial contracts. We at LetsComly.com can help you to protect your interests during the entire contract process.
LetsComply is a full-service law firm and is the best platform for all your Legal, Finance and Taxation needs. Letscomply is one of the leading law firms in India and having a team comprises of Corporate Lawyers, Company Secretaries, Chartered Accountants, Cost Accountants, IP Attorneys, and Management Experts with rich experience in their respective filed. We believe in long-term alliances for mutual growth.