What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Clear documentation of commercial rights and obligations.
- Customized agreements based on the specific transaction.
- Proper allocation of responsibilities, risks, and liabilities.
- Clear payment, delivery, performance, and termination terms.
- Protection of confidential and commercially sensitive information.
- Review of important contractual clauses.
- Reduced ambiguity and potential contractual disputes.
How the engagement works
Business agreements are governed by the terms agreed between the parties together with applicable laws, including the Indian Contract Act, 1872, the Specific Relief Act, 1963, applicable stamp laws, registration requirements, tax laws, sector-specific regulations, and other relevant legislation. The enforceability and formal requirements of an agreement depend on its nature, subject matter, parties, consideration, execution, applicable stamp duty, and whether registration is legally required.
Scenario 1: A company wants to enter into a service agreement with a client or business customer.
Scenario 2: A business needs a vendor or supplier agreement defining pricing, delivery, quality, payment, liability, and termination terms.
Scenario 3: A company wants a Non-Disclosure Agreement (NDA) to protect confidential business, technical, financial, or customer information.
Scenario 4: Business partners want a detailed agreement defining their respective roles, contributions, responsibilities, profit sharing, and exit arrangements.
Scenario 5: An organization needs a customized employment, consultancy, franchise, lease, distribution, or other commercial agreement.
Transaction & Requirement Review
We understand the commercial arrangement, parties, transaction objectives, responsibilities, consideration, timelines, risks, and other key terms before drafting the agreement.
Agreement Structure & Clause Planning
We identify the appropriate structure and key clauses covering scope, obligations, payment, confidentiality, intellectual property, representations, warranties, indemnity, liability, termination, and dispute resolution.
Customized Agreement Drafting
We prepare the agreement based on the specific transaction rather than relying on generic templates, with provisions tailored to the parties and commercial arrangement.
General questions
01What types of agreements can you draft?
We can assist with various business and corporate agreements, including service agreements, vendor agreements, employment agreements, consultancy agreements, NDAs, partnership-related agreements, franchise agreements, distribution agreements, lease-related agreements, and other commercial contracts.
02Why is a written business agreement important?
A written agreement clearly records the parties’ understanding regarding rights, responsibilities, payment, performance, confidentiality, liability, termination, dispute resolution, and other important terms, reducing ambiguity in the business relationship.
03Can you review an agreement drafted by another party?
Yes. We can review an existing agreement, identify important commercial or legal concerns, explain key provisions, and suggest appropriate revisions based on the transaction and the client’s objectives.
04Can an agreement be customized for my business?
Yes. Agreements should generally reflect the actual commercial arrangement, parties, industry, risks, payment structure, responsibilities, and applicable legal requirements rather than relying solely on a generic template.
05What is an NDA?
A Non-Disclosure Agreement (NDA) is a contract designed to protect confidential information shared between parties and establish obligations regarding its use, disclosure, protection, and permitted purposes.
06Does every agreement require stamp duty?
Stamp duty depends on the nature of the document, transaction, location, applicable State stamp law, and other circumstances. The appropriate stamp duty should be determined before execution.
07Does every agreement need registration?
No. Registration requirements depend on the nature of the transaction and the applicable law. Certain documents or transactions may require compulsory registration, while others may not.
08Can you help with agreement negotiation?
Yes. We can review counterparty drafts, identify important clauses, suggest revisions, and assist with preparing revised versions during the negotiation process.
