Commercial Contracts

As a leading and award-winning Commercial law firm, Cranbrook Legal can provide your organisation with wide-ranging services and assistance in relation to commercial contracts.

Our Success Stories

Google Reviews Feefo Reviews The Law Society

How can Cranbrook Legal assist me with my commercial contracts?

Our in-house commercial lawyer at Cranbrook Legal can provide advice, guidance, and a complete project-managed service encompassing all aspects of commercial contracts.

We can give your organisation the benefit of wide-ranging legal and sectoral knowledge, touching upon such areas as data protection, intellectual property, and competition law.

You can turn to us for help with reviewing, interpreting, drafting, and negotiating a broad variety of commercial contracts.

What are the key terms that should be included in a contract to ensure it is enforceable?

When you are attempting to conclude a commercial contract with one or multiple parties, you should ensure it is in writing, and that it sets out a clear, tangible record of the terms the parties have agreed upon. This will ensure all contractual obligations are explicitly outlined.

A contract is made valid when it incorporates the following five elements:

  • An offer made by one of the parties
  • Acceptance of the offer’s terms by the other party
  • Consideration, with each party giving something of value to the other
  • Capacity, with the parties being legal entities that can legally agree to the contract
  • The intention to create legal relations.

The exact provisions of a given commercial contract will depend on such factors as the type of commercial agreement it is, and the particular requirements of the parties.

However, commercial contracts tend to include such terms as:

  • The commencement date
  • The parties involved
  • Recitals
  • Operative provisions
  • Limitations of liability
  • Termination
  • Boilerplate clauses.

What are the key differences between the various types of commercial contracts?

Below are some common types of commercial contracts, and a few of the vital differences between them:

  • Non-disclosure agreements (NDAs), which serve to protect parties’ confidential information
  • Agreements for the supply of goods and/or services, which outline the terms on which one party agrees to supply goods and/or services to the other
  • Agency agreements, whereby the “principal” authorises the “agent” to act on the principal’s behalf
  • Distribution agreements, which are reached between the distributor and a supplier, and enable the distributor to resell the products of the supplier
  • Franchise agreements, which stipulate the terms and conditions under which a franchisor grants a licence to a franchisee entitling the latter party to trade under the franchisor’s brand.

How can I manage potential risks in a contract?

There are various steps that can be taken to help manage the risks a commercial contract can present. These include, but are not necessarily limited to:

  • Conducting a thorough review to help detect potential risks at an early stage of the contract lifecycle
  • Carrying out due diligence on the other party
  • Using a standard contract template with clear clauses
  • Putting in place performance monitoring mechanisms
  • Incorporating limitation of liability clauses into the contract.

What can be done if terms of contracts are unclear or vague?

A good first course of action in this circumstance is to reach out to the other party, to help clarify any terms that may seem ambiguous or confusing.

If, however, such a move is not possible or successful, you may need to seek legal advice to help interpret the contract. You might be able to have any confusing or unclear contractual terms renegotiated to give yourself the peace of mind you require.

Why Customers Love Us ?

What are common mistakes businesses make when negotiating commercial contracts?

Mistakes that are commonly made by organisations negotiating commercial agreements include, but are not necessarily limited to:

  • Failing to properly prepare and research the market prior to the contract negotiation process
  • Failing to define clear objectives
  • Not considering alternative courses of action in case the negotiation fails
  • Not involving the appropriate stakeholders – such as sales, procurement, and/or HR personnel – in the negotiation process
  • Attempting to negotiate a contract without consulting a solicitor.

How can I incorporate clauses for dispute resolution?

When you are seeking to incorporate dispute resolution clauses into commercial contracts, it is advisable to make sure the following elements are included:

  • A clear statement of the method that is to be used to resolve a dispute – for example, mediation or arbitration
  • An explanation of how a party to the contract can initiate the dispute resolution process
  • Information on how the mediator or arbitrator will be chosen
  • A statement of the jurisdiction in which any dispute will be resolved – such as the UK
  • An outline of how the final decision reached through the dispute resolution process will be enforced.

Why Choose Us For Your Commercial Contracts?

We Are Dedicated

We Are Committed

We Are Professional

We Are Result Driven

We Are Strategic Thinkers

We Are Commercially Aware

Contact our Commercial Solicitors In London on 0208 215 0053 or
via info@cranbrooklegal.com to make your enquiry.

What Our Customers Say About Us

Frequently Asked Questions

1. What experience do you have with businesses in my industry?

In our capacity as award-winning specialists in UK immigration law who have recently welcomed a commercial lawyer to our team, we possess far-reaching experience and knowhow in relation to such sectors as:

  • Information technology (IT)
  • Telecommunications
  • Software development
  • Consultancy
  • Engineering
  • Public relations (PR)

The above is by no means an exhaustive list of the industries that we have experience of serving as legal professionals in the UK.

If you would like to learn more about the experience we have in a broad range of sectors, including that of your own business, please consult our case studies or book your free consultation.

Here at Cranbrook Legal, we are highly familiar with the crucial elements that need to be addressed in order to maximise the likelihood of a successful contract negotiation.

It is essential, for example, to take the time to thoroughly research the other party. Any business that is looking to negotiate a commercial contract will also need to have a strong sense of its own priorities and requirements, as well as a willingness to compromise.

We can advise you on all these aspects – and many more – when you contact us ahead of the negotiation of your organisation’s next contract.

For most of our services, we operate on the basis of a pre-agreed fixed fee. Please look at the fees page of our website for further information.

At every stage of our relationship with you as our client, our team at Cranbrook Legal will strive to ensure adherence with any and all relevant UK regulations.

Indeed, our legal firm is proudly regulated by the Solicitors Regulation Authority (SRA). This should give you the utmost peace of mind, knowing we are required to practise the highest standards of conduct.

Yes, our in-house commercial lawyer can help ensure a successful resolution to any commercial dispute your organisation might find itself in.

Drawing upon deep expertise in business law and the various approaches that can be taken to resolving disputes – such as negotiation, mediation, arbitration, and litigation – we can provide highly effective legal advice and representation.

Through our proactive, well-informed, and diligent service, we can help your organisation maximise the likelihood of a positive outcome to an ongoing dispute.

The Cranbrook Legal team can take a range of approaches to help lower the risk to your business from commercial transactions. These can encompass such steps as:

  • Reviewing and drafting contracts to make sure the terms are clear
  • Carrying out due diligence to assess potential risks
  • Advising on compliance with relevant laws and regulations
  • Identifying potential liabilities
  • Putting in place dispute resolution mechanisms to help manage any conflicts.

To find out more about our complete project-managed commercial contracts services, and to arrange a consultation, please don’t hesitate to call 0208 215 0053 today.

How Can We Help You?

I would like to speak to Cranbrook Legal on the telephone.

0208 215 0053

I do not know what my commercial needs are and need to discuss my requirements.

Book A Free Consultation

I know what my commercial needs are, so I would to discuss my case.

Book An Appointment