IT Contract Drafting from IT Specialized Lawyers
Contract Drafting
Don't sign any contract before examining its conditions carefully! A contract is a legal document that states and explains a formal agreement between two different people or groups. It is a legally enforceable agreement giving rise to obligations for the contractual parties.
A contractual relationship is evidenced by (1) an offer, (2) acceptance of the offer, and a (3) valid (legal and valuable) consideration. Thus, do not miss the chance of its careful consideration and review.
Most of the contracts are normally enforceable whether or not in a written form, although a written contract protects all parties to it and thus is more advisable. This will make the contractual relationship clearer between parties in order not to be any dispute related to their obligations in future.
There are a few points that can be useful to bear in mind when a contract is being drawn up.
Contract should contain the following basic elements:
Title of the contract
The parties
The subject matter of the contract
Place and date
Other terms and conditions
Price
Payment
Delays in payment
Delay in the product or service
Fault or error in the product or service
Force majeure
Confidentiality
Term of the contract and termination
Disputes
Signature and originals of the contract
Make sure to prepare as many originals of the contract as there are parties. Specify the place where and date on which the contract was signed by the parties. This may become relevant in the event of a dispute. When all parties have signed all the originals, each party takes one to keep.
Remember that you can always get the assistance of a lawyer, and this is a good idea if you are not used to signing into contracts, or if the contract will contain a large number of provisions.
If you need such kind of assistance you should immediately contact to us. Our professional team is ready to help you to draw up any kind of contract and to review it in a way that protects your interests in order to get rid of any risks related to contractual relationship. Prices for this service will be calculated and rated in each individual case depending on the nature and difficulty of the contract.