A well-drafted contract serves as a shield, safeguarding your business from legal risks and bolstering its financial health. When you choose our firm to draft or review your commercial contracts, you can enjoy the confidence that your business interests are secure, and you are shielded from unintended legal liabilities, providing you with peace of mind.

WHAT IS THE PROCEDURE FOR WORKING WITH US IN REGARD TO YOUR COMMERCIAL CONTRACT? 

When you decide to engage our business law firm’s services for the purpose of drafting or reviewing a commercial contract, we will conduct an initial consultation where we will seek to learn more about your business and your financial goals. Once we clearly understand your legal and business needs, we will then proceed to draft or review the commercial contract as necessary. We always provide you with options regarding various clauses and we never include terms in your contract which we have not clearly explained to you. We are highly skilled at drafting complex commercial clauses with the goal that only one possible interpretation should follow once a reader reviews the specific clause. We draft all contracts with a “forward-looking lens” in the sense that we look to predict any gaps or loopholes in the contract. Our contracts are highly customized and tailored to our client’s specific situation. Finally, contracts drafted by our firm are reviewed multiple times with you throughout the different stages to ensure your industry-specific knowledge is included in the terms of the commercial contract.

THE TYPES OF COMMERCIAL CONTRACTS WE DRAFT

We have extensive experience drafting and reviewing commercial contracts including but not limited to:

OUR EXPERIENCE 

When drafting or negotiating commercial contracts on your behalf, our intention is always to mitigate risk and protect your business against liability. To learn more about commercial contracts you may visit our [business law insights] page where we discuss various types of commercial contracts. If you are looking to enter into a commercial contract, contact Jahanshahi Law Firm today to set up an initial consultation with an experienced business lawyer.

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FAQ

What are the Key Elements of a Contract?

The key elements of a contract include:

  • Offer – An offer is a proposal that brings about negotiations. The party making the offer is often referred to as the offeror. Once the offer is placed, negotiations begin, and counteroffers are possible.
  • Acceptance – Refers to the offeree’s acceptance of the offer placed by the offeror. Once accepted, a contract becomes legally binding on both parties. There can never be a contract without acceptance of the terms offered by the offeror.
  • Consideration – This refers to the requirement that something of value must be exchanged between the offeror and the offeree. Consideration could be money or the promise to perform a service or act. For example, John agrees to cut Betty’s grass for $100.00.
  • Capacity – For a contract to be binding, all parties must have the capacity to enter into the contract. Those who are mentally ill or under the influence of drugs or alcohol may not be considered to have the capacity for the purpose of entering into a contract.
  • Mutual Agreement – Often referred to as “the meeting of the minds”, this refers to both parties’ intention to enter into the agreement. It may be possible that two parties have different understandings of the same clause or provision within the contract, ultimately leading to a failure of “mutual agreement”.
  • Legality – This means that the subject of the contract must be legal in the sense that it does not violate any laws. For example, one cannot enter into a contract for the purpose of carrying out a criminal activity that is in violation of the Criminal Code of Canada.