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Business Contracts - NSW

Do you need a business contract prepared or legal advice on an existing business contract?

Our Business, Commercial & Workplace lawyers provide professional and practical advice on a broad range of contractual issues related to business. This includes the drafting and negotiation of all types of business contracts and commercial agreements.

The depth of experience and range of expertise among our team of Business Lawyers, combined with our ongoing commitment to provide our clients with the highest level of service, means that we work hard to understand our client's business and its needs so as to always deliver a service that is effective, focused and great value for money.

What is a business contract?

Business contracts (often referred to as commercial contracts) are legally binding agreements between two or more parties which state the rights and obligations of those parties concerning a particular transaction, arrangement or other business dealing. Business contracts may apply to one-off transactions or to an ongoing arrangement that lasts for many years.

 Gavin Hanrahan - Commercial Contracts Lawyer in Sydney

Business Contracts in NSW

What are the different types of business contracts?

There are many different types of business and commercial contracts. Some of which are listed below:

  1. Contracts for the Sale or Purchase of a Business
  2. Buy and Sell Agreements
  3. Commercial Leases (Including Retail Leases)
  4. Shareholders Agreements
  5. Franchise Agreements
  6. Distribution Agreements
  7. Joint Venture Agreements
  8. Supply Agreements
  9. Terms of Trade Agreements
  10. Partnership Agreements
  11. Employment Contracts
  12. Service Contracts
  13. Loan Agreements
  14. Plant and Equipment Leases
  15. Confidentiality Agreements
  16. Management Agreements
  17. Licence Agreements

Why should you have a lawyer draft your business contract or agreement?

What is the general process for preparing a business contract?

  1. Information Exchange - Two or more parties exchange the necessary information, usually on a confidential basis.
  2. Discussion and Negotiation - The information that has been exchanged is further discussed between the parties (usually without lawyers) in order to provide clarity about the rights and obligations of each party and the key terms of the transaction or arrangement.
  3. Contract Preparation - The parties involved will instruct their lawyers to document the key aspects of the agreement. The lawyers will together work towards preparing a written commercial agreement that reflects their respective clients' instructions. There will inevitably be matters that arise that require further negotiation. Once both parties and their lawyers are satisfied, the business contract will be signed.

Should a business contract be verbal or written?

Business contracts can, technically, be verbal or written and they are both just as valid and enforceable as each other. However, the reason it is best to enter into written commercial agreements and business contracts is that it is much easier to prove the existence of a written contract (and its terms) than a verbal contract. In addition, a written business contract will mitigate or avoid disputes down the track.

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