Commercial contracts are legally binding agreements entered into between two companies or parties with the goal of setting guidelines about what the parties can and cannot do in the business relation. We execute and review a wide array of commercial contracts for businesses in a full spectrum of industries.
We advise on a full spectrum of commercial contracts, including services agreements, sale and purchase of goods, sale and purchase of business assets, business acquisition and mergers, transfer of assets and intellectual property, consortium and joint venture agreements, partnerships and investment alliances, and other strategic transactions.
We advise on other commercial contracts including commercial leases and loans, general contractor agreements, other financing agreements, non-disclosure, non-compete and non-circumvent agreements, employment and employee safety contracts and many more.
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In the United States, commercial contracts are governed generally by the Uniform Commercial Code (UCC) and under the common law of contract of each state.
The commercial contracts used in business are as numerous as the businesses that operate worldwide and are wide-ranging and touch all aspects of a business from employment agreements to bills of sale and property rights. Contracts are used to protect and safeguard the contractual relationship and are usually in writing but can also be verbal and even implied. We recommend businesses and individuals alike to execute written commercial contracts in the regular course of doing business. Written contracts are useful in virtually any business situation where there is a transactional risk or there is a risk of litigation.
Confidentiality agreements range from non-disclosure agreements, non-compete and non-circumvent agreements for contract employees to those used among business partners or in a standard hiring process. These contracts protect businesses from losing trade secrets and other intellectual property. In addition, business owners can enjoin any infringement of rights and misappropriation of trade secrets and require parties to maintain secrecy of trade secrets and other intellectual property.
Contracts for services such as marketing and public relations should detail the terms and conditions, including deliverables, costs and timelines. Negotiating the contractual terms prior to hiring a marketing firm or a public relations person is important for both parties because clarifies expectations at the outset.
Any sale of goods, business assets or business entities should be memorialized in a contract between the seller and the buyer in order to protect both parties and give them piece of mind throughout the commercial relation.
Other contracts recommended to be memorialized in a written contract include production and logistics agreements, distribution contracts, purchasing and leasing equipment, agreements for transportation of goods and services and construction contracts. Generally, purchasing and leasing equipment does not require a contract but it is usually required as part of the financing process. Similarly, financing the purchase or lease of a real estate property requires that the contract for the purchase or lease of the property be in writing.
Commercial contracts are a key component of a strong business and we take every step to protect our clients when negotiating, executing and managing the contracts as well as handling any potential issue with such agreements.
Contact us, your business attorney in Florida, to assist you with drafting, negotiating and executing commercial contracts and other strategic transactions.