A Commercial Contract refers to a legally binding agreement between parties in which they are
obligated to do or not do certain things. Contracts may be written or verbal and drawn up in a
formal or informal way. Most businesses create contracts in writing to make the terms of agreement
clear, often seeking legal counsel when drawing important contracts. Contracts may encompass all
aspects of a business, including hiring, wages, employee safety, leases and loans.
A breach of contract occurs when one of the parties fails to live up to the agreements. In such a case, the law is required to provide a remedy, which in many cases involves the court system enforcing the contract or asking the party to compensate for any damage done by the breach. Contract laws are usually enforced in the state where the agreement was signed and may come under either common law or the Uniform Commercial Code. Under common law, most contracts are controlled by a particular states common law (i.e., laws from court rulings that become part of the local system). The Uniform Commercial Code applies for the sale of goods, which common law does not cover.
Our firm provides our clients assistance in drafting and vetting of an array of agreements and commercial contracts. We have significant experience of drafting, vetting and negotiating sector- specific agreements and standard procedure documents for diverse industries. With our multi- disciplinary practice areas, we concentrate on immediate transactions as well as the potential disputes and the changing policy in that sector. Our corporate team has an expertise in drafting agreements for various Public Sector Undertakings, Real Estate and Construction companies, Telecom companies, Retail sector and various other private and multinational companies. We draft agreements such as joint venture agreements, shareholders agreement, share purchase agreement, subcontractor agreement, outsourcing agreements, business transfer agreement, equipment purchase and leasing agreements, system installation agreements, consultancy agreement and termination agreement. We draft agreements for various real estate and construction companies such as Concessionaire Agreements, EPC Contracts, Licensing Agreements, Consignment Agreements, Design and Construction Agreements, Annual Maintenance Agreements, etc. We also draft Employment related Contracts, and Confidentiality and Non-disclosure Agreements for companies. We draft transactional agreements such as agreement to sell, sale deeds, lease deeds, mortgage deeds, rent agreement, etc. For our clients in the IT Sector, we draft software licensing agreements, software maintenance contracts, mass market licenses, assignment agreements in respect of assignment of trademarks, patents, designs, etc.