Just to be one of the best Corporate Lawyers in India, it is mandatory to learn the commercial contracts well. If you want to join this league, then you have to get a deep understanding of the commercial contracts.
It is mandatory for you to grapple with the current complex commercial motives, reward mechanisms, business risks, and unforeseeable exigencies and even get to predict how this contractual relationship might work out in the near future.
You should know how to draft some bulletproof contracts. Furthermore, such lawyers are able to negotiate the contracts made and lobby for clients.
It is vital for you to be very good with the contracts if you actually plan to succeed as commercial lawyer. If you have these talents within, then joining Corporate Law Firms in India will work out well as a great career starting plan.
There are 9 contracts that these lawyers should know how to draft in here.
1. Employment agreement:
It is vital for you to use a workforce for running business, and it becomes difficult for modern businesses to enter watertight contracts with the people you are working with.
These contracts are easy to work with and rarely negotiable but with greater understanding of the challenges that employers might face like attrition and more.
Then you have some other simple forms that people might have to sign without complex agreements for the senior levels whose agreements remain negotiable like any investment deal. You can get to work with best corporate law firms in india for that.
2. Go for joint venture agreement:
Joint ventures are also called collaborative arrangements, where the parties are involved to share management, profits and costs. There are so many joints ventures you are familiar with and some of those ventures might go wrong.
It is time for the commercial lawyer to draft that joint venture contract which you have to take into consideration and all the arguments might arise over control of project or rapid capital loss.
3. Terms and conditions:
These terms and conditions are noted to be ubiquitous that you will encounter whenever you are opening a new app. You have clicked on the “I Agree” button even without going through the contract properly.
But, this is not the right thing to do. Whenever a new product or service gets launched, it is time for the top corporate lawyers in india to draft that terms and conditions for the firms. So, the lawyers should know how to do it.
4. Service level agreement:
Even though terms and conditions are staples while selling items, you have to sell same to government, bigger firms or any big buyer. For that, you have to enter service level agreements.
Such agreements are mainly drafted for consultancies, IT firms and service providers and the top corporate law firms in india will be given the responsibility to work out on those cases for sure. With clearly defined pointers, these agreements need to be drafted.
5. Purchase and supply agreements:
One of the primary agreements that the corporate lawyer has to draft will be the supply and purchase agreements. These are the main staple of any of the commercial enterprise and will be held responsible for ensuring that the sellers and buyers follow the mandatory points as agreed upon by both provider and services accordingly.
It obligates the buyer to purchase and seller to sell items.
6. Franchise agreement:
There are some brands working as centerpieces of economy and the buyers get fond of them instantly. At this point, franchising becomes the major norm to follow. So, the experts from Corporate legal firms are given the chance to work out on drafting such agreements.
Without franchisee agreements, there will be no franchising. These agreements are quite important and the experts will surely get legal advice before drafting the same.
7. Agreements for the shareholders:
These agreements are mainly defined as cornerstone of the modernized private business firms and will form basis of the corporate governance for any private company.
It will enable the investors to pool in capital in order for creating larger commercial organization. So, for creating these agreements, you are asked to get along with the best Commercial Law Firm and get the services covered with ease.
8. Rent and the lease agreement:
These lease and rent agreements with the real estate platform will be part of the daily schedule of the corporate lawyer. Some of the bigger legal firms are here to deal with the corporate leases at a rather frequent rate than anything else.
Deal lawyers or the commercial litigation lawyer might come across these agreements while working on due diligence on targeted country.
9. Term loan contract:
In growing economic area, the term loans are mainly necessity and cheaper capital source for the organizations, which are trying to expand. There are some proper term loan contracts, which are likely to be crafted for protecting the lenders from taking any undue advantage of.
These contracts will be drafted by the legal workers from the top-notch and best corporate law firms in here. These contracts will mainly stipulate the set time frame within which the borrower needs to return money with interest.
These are the 9 major contracts, which a corporate lawyer should be well-trained to fill up whenever asked for it. Go for the available options and learn more about the contracts, and things might start to work out in your favor.
Amy Jones is the expert lawyer at Ahlawat & Associates-best law firms in India. She is a passionate writer and loves to help people in all aspects of corporate commercial law. You can follow her on Twitter, Linkedin.