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 2 Replies

Naresh Dhanjal   11 March 2020

which agreement do you want?

Joy Bose   11 March 2020

Hello,

 legal contract or an agreement is not a mere piece of paper for signing between two parties but it protects one business entity with its rights and remedies.

An agreement also create responsibilities, conditions, manners, time limit, monetary issues, etc so that every corner of the agreement is properly sealed failing which it may result unforeseen loses.

A legal contract or an agreement has to be drafted with all sine qua none i.e important limbs as below :

definitions

scope of work/service

obligations / do's and don'ts

commercial liability

documentation & invoicing

termination

validity

waiver

IPR protection

force majeure

dispute & settlement

penal clause

observation and applicability of law

Survival cum Protection clauses

place of performance /supply

Business Secrets & confidentiality

non – competitive clauses

non-solicitation

non disclosure

Amendments

Severance etc

Every agreement has to be drafted with special caution and stereotype drafting may have fatal result.
It can be drafted by anyone but it is better to be drafted by a lawyer.

Regards,
Joy Bose

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