COMMERCIAL CONTRACTS

At Anirudh Associates, we offer businesses comprehensive assistance navigating commercial contract processes. 

What are the needs for contracts?

Contracts establish the obligations and duties of each party involved and define the party responsible for specific outcomes. By understanding the terms and conditions of an agreement, businesses can evaluate potential risks, assess the feasibility of projects, and plan their operations accordingly.

They also enable signatories to seek remedies in case of breaches of contract terms, preventing significant personal and financial damages. They specify applicable jurisdiction and methods to resolve conflicts among the signatories within the legal framework. 

Our Approach 

We ensure our clients comply with statutory and regulatory requirements, enabling them to confidently focus on their business operations. We tailor our advisory services based on our client’s unique needs and objectives to construct the most suitable form of organisation for their business. 

With a deep understanding of business laws and corporate finance, our eminent lawyers create effective compliance and regulatory agreements. 

We handle the following types of commercial contracts. 

• Service agreement
• Franchise agreement
• Sale and distribution agreement
• Non-disclosure agreement
• Shareholders agreement
• Purchase and supply agreement
• Business purchase agreement

Types of Commercial Contracts

1. ‘Non-Disclosure Agreement (NDA) is a legal contract that establishes a confidential relationship between parties. It protects sensitive or confidential information from being shared or disclosed to unauthorised individuals or entities. NDAs are crucial for protecting confidential information, maintaining trust, and ensuring legal recourse in case of breaches. They are widely used in business transactions, partnerships, and collaborations to safeguard sensitive information and maintain a competitive edge in the market.
2. Master Services Agreement (MSA) is a comprehensive contract that establishes the terms and conditions between two parties for ongoing services or business relationships. The MSA serves as a framework agreement that sets out the general terms governing multiple transactions or projects between the parties. An MSA is a contractual agreement that outlines the general terms, rights, and responsibilities of both parties engaged in a business relationship. It typically covers various aspects of the relationship, such as scope of work, payment terms, intellectual property rights, confidentiality, warranties, dispute resolution, and termination provisions.
3. Distribution Agreement is a legal contract between a supplier or manufacturer and a distributor. It establishes the terms and conditions under which the distributor distributes and sells the supplier’s products or services. A distribution agreement sets the terms and conditions for the relationship between a supplier and a distributor. It covers various aspects such as roles and responsibilities, territory, pricing, intellectual property, marketing, inventory management, termination, and dispute resolution. By clearly defining these terms, the agreement helps both parties understand their rights and obligations, reduces the risk of misunderstandings, and provides a framework for a successful distribution partnership.