Legal Advice on Business Contracts
An Introduction to Business Contracts
Legal Advice on Business Contracts in Dubai Any contract between two businesses or between a business and an individual is known as a business contract. It specifies all the responsibilities and the privileges of the parties. With such contracts, both parties are inspired to have more confidence in a business relationship. A contract must be made in adherence to the law for it to be valid. To ensure this happens, it is important to have a lawyer to help you to draw up the contract.
It is possible to structure the contract in terms of the different terms of the business, including the business idea, the relationship between the two parties, and all the rights and responsibilities of every party.
Can I Draft my Own Contract?
It is wise to obtain legal advice before putting together a business contract. A lawyer will make the process easier and smoother for these reasons:
- A lawyer will help to make sure that your contract is completely legal and adheres to the law of the country.
- A lawyer will see that all the conditions set out in the contract are relevant and timely to both the parties to the legal agreement.
- A lawyer will point out and remove any negative terms that you might have failed to notice.
- Any business or individual would be advised to seek legal advice before they commit themselves to a contract.
Proficient Scrutiny
It can be difficult to keep up with changes in what makes for sound legal advice. This is because the law is constantly changing. You need a proficient person to scrutinize the contract. A lawyer can act as a legal advisor who guides and advises you on all the terms and conditions of your contract. The lawyer will help you to include terms and conditions that are relevant and beneficial considering your individual situation as well as to ensure consistency.
The Termination clause or “End and Excess”
All parties to the agreement have to see that their interests are protected by ensuring that the terms of end and excess are explained simply and clearly and that they satisfy the needs of both parties to the contract.
Trade Limitation law is quite extensive. Including a trade clause within the business contract is necessary. Obtain sound legal counsel concerning this termination clause. With proper legal advice, you can see that the contract meets your needs adequately and preempts any conflicts that might arise later on.
If you needto legal aid on business contracts or any other legal matters in Dubai, call or email our office.