Over the course of the next 6 weeks, Sharon Zachariah, Commercial, Technology and Data Protection Partner will be sharing tips on commercial contracts and why you should not do it yourself!
Don’t DIY. Bring it to us instead.
We are a law firm that has outlasted most others. Practical, personable and a little bit quirky.
Part 1: Be practical
Let’s rewind a few steps to a few of the practical workings of the contract:
What is each party expected to do?
When will they do these things?
Is there an expected result?
How will you measure if it has been achieved?
What happens if it is not achieved a) on time and / or b) to the agreed standard?
I have seen contracts which do not say – anywhere – what the subject matter of the contract is. If my client hadn’t been available to explain to me, I would not have been able to tell:
who - does what – to whom
This question is central. (See what I did there)!
While nonei of us like to imagine that we mayii be replaceable (or, God forbid, replaced!), should we be unavailable to explain the ins and outs of the contract to the persons tasked with managing it or carrying out its obligations, this could get hairy. Avoid that at all costs! Get in touch with me and I will help you unpick previous muddles and avoid future pickles.
If you're interested in hearing more practical tips, join our 'Don’t DIY! Contract hazards that come back to bite!' seminar on Tuesday 24 September.
Drop me a line today to set up a call at sharon.zachariah@laytons.com – Partner: Commercial, Technology, Data Protection, IP. Getting to know each other and chatting is free. Advice is not (it’s what we sell). We are a law firm that has outlasted most others. Practical, personable and a little bit quirky.
i ”none” is a total assumption on my part. There may be so many people who are keen to imagine this.
ii The term “may be” is British for “are” in this context.
