Why are Clearly Documented Agreements Important?
Documenting commercial contracts is an important aspect of any transaction. It clearly identifies the respective rights and legal obligations of the contracting parties. It sets the right tone at the start of any commercial relationship. Importantly and necessarily it also deals with ‘worst case’ scenarios and what the rights and obligations of the respective parties are when they occur. A strongly and clearly drafted agreement understood by both parties will minimise the possibility of a contractual dispute arising or if it does arise then they can be addressed pursuant to the terms of the contract. Poorly prepared and unclear contracts or worst yet ‘handshake’ only agreements (not documented) will more than likely result in a costly legal dispute and possible litigation. We adopt a plain English contract drafting approach and assist in the negotiation process.
HOW CAN ACTUATE IP ASSIST?
Actuate IP will work with you to understand your commercial requirement, which will enable us to advise you on, assist you in negotiating and/or prepare clearly drafted commercial agreements. With this understanding we will provide you with a detailed and considered Fixed Fee Proposal that provides you with initial recommendations and fixed fee options on how to approach the project in a way that will achieve the right outcome for you. You can then decide whether our firm will be the right fit for your business.