Commercial agreements always involve some degree of risk. To protect your interests and mitigate these risks you should always consider expert due diligence.
At Nath Solicitors in London we provide our commercial clients with essential reassurance because we analyse all elements of the proposed agreement and explain all the risks.
Risks that can devalue the contract
Miscommunication, poor incentives, bad planning and failure to include key terms such as a dispute resolution clause and termination clause can erode the value of a contract, and make you vulnerable to disputes.
Other types of risks that you should think about include:
- cost overruns and scope creep
- failure to protect IP and trade secrets
- loss of bargaining power
How we help you mitigate contract risk
Our solicitors make sure our clients understand the elements of the contract they are entering from every angle. We will discuss with you what you expect the contract to achieve and the return on investment you require. Then we will examine the agreement to see if it can deliver on your expectations.
If we do identify a potential risk, we will negotiate with the other party to mitigate or eliminate it. We will explain the details of the agreement to you in plain English, ensuring you understand exactly what you are agreeing to when you sign.
Assessing the risk of international contracts
Contracts involving overseas jurisdictions hold additional potential risks due to misunderstandings because of language barriers and different countries’ laws. We have partners and affiliates in many jurisdictions who we work with on a regular basis. If your contract is cross-border, we can assist you with understanding your liability in an international jurisdiction.
To discuss how we can assist you with contract risk assessment, call our London office on 0203 670 5540 or contact us online.