Commercial Agreements with Vendors, Customers and Others
There are an infinite number of possible commercial agreements, depending on the facts. Generally, however, all commercial agreements have 4 generic parts that describe the following:
- Identity of the parties and their respective authorized signatories;
- Rights of each party, and any applicable conditions that must occur before a right may be enforced;
- Obligations of each party, and any applicable conditions that must occur before an obligation may be enforced;
- Standard “administrative” terms and conditions.
In addition to an “infinite” number of possible Complex Commercial Agreements and Non-Complex Commercial Agreements, a startup or small business entrepreneur can expect to require a review of the company’s proposed Commercial Office Lease, and creation or review of an Attorney Demand Letter for Payment and an Attorney Demand Letter for Breach of Contract.
What You’ll Get
Regarding a new Commercial Agreement, analysis and review of the 4 “generic parts” of Commercial Agreements described above, particularly the 2nd and 3rd “generic parts:” (i) “what each party will do” (and any conditions precedent to that obligation) and (ii) “what each party will receive” (and any conditions precedent to the enforcement of that right).
Additional consultation regarding a Commercial Office Lease, Attorney Demand Letter for Payment and Attorney Demand Letter for Breach of Contract.
Complex and Non-Complex Commercial Agreements
The Commercial Agreement is a Documented Core Legal Solution with a third party vendor or customer of the company, or another third – party (e.g., joint venturer).
In creating new Commercial Agreements, the 1st and 4th “generic parts” of the Commercial Agreement are straightforward and generally neither time-consuming nor expensive. The 2nd and 3rd “generic parts” can be simple or complex and thereby determine whether the agreement is a Non-Complex Commercial Agreement (and relatively inexpensive) or a Complex Commercial Agreement (and relatively more expensive). In creating new Commercial Agreements, the most cost-efficient place to start is with a simple outline of (i) “what each party will do” (and any conditions precedent to the enforcement of that obligation) and (ii) “what each party will receive” (and any conditions precedent to the enforcement of that right).
Commercial Office Lease
A review of the company’s Commercial Office Lease for the premises occupied by the company is designed to make sure that the entrepreneur understands the company’s (and the entrepreneur’s) rights and liabilities pursuant to the lease.
Attorney Demand Letter for Payment
An Attorney Demand Letter for Payment is a Documented Core Legal Solution to make a formal demand, through an attorney (with the express or implied threat of litigation), for payment of money due and owing to the company or due and owing by the company to a third party.
Attorney Demand Letter for Breach of Contract
An Attorney Demand Letter for Breach of Contract is a Documented Core Legal Solution that outlines the various elements of a cause of action for breach of contract against a third-party (or by a third party against the company) including the resulting damages and demands payment in order to avoid the expense and related costs of litigation.
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