Partner and Head of Wills & Estate Planning at Andrew & Co Solicitors Helen Newson writes...
Does a contract have to be in writing for it to be legally binding? Can I negotiate certain terms? How do I get out of a contract that I am losing money on?
These are questions that are regularly asked by our business clients, who trust us to not only provide the answers, but to protect their commercial interests. And their trust is well-placed. For over 180 years, Andrew & Co Solicitors has negotiated and drafted thousands of commercial contracts for businesses across Nottinghamshire, Lincolnshire and beyond.
We are Business People Too
For business contracts, it is always advisable to "get it down in writing". We do not populate our contracts with complicated legalese; instead we draft clear, concise terms that leave little or no room for disputes to arise in the future. We have a knack for quickly getting to the heart of an issue and negotiating for smart, straight-forward terms that facilitate you achieving your desired goals.
We understand business and have the commercial acumen to create and negotiate straight-forward contracts that provide protection and certainty for our clients, no matter how complex the terms are.
Our commercial lawyers will assist you with getting to grips with the issues contained in a proposed agreement and help you decide which points you would like to negotiate with the other party. We will also identify key areas of risk and assist you in planning strategies to manage them.
Clauses that contain warranties, indemnities, termination provisions, and payment provisions are particularly important to understand from a risk perspective. They can also make the difference as to whether the contract is ultimately profitable or not. When you engage us, you can have confidence that you will be fully advised on all foreseeable consequences of the agreement, both good and bad.
If you would like further information or to make an appointment with a member of our Corporate & Commercial team, please contact us on 01522 512123 (Lincoln) or 01636 673743 (Newark).