Contract Templates and Agreements

The process of creating documents which contain detailed instructions which shall be followed by someone in order to get something done can be termed as contract drafting. Contract drafting is different from other types of writing as it would require proper use of terminology and legal jargon.

Drafting can be understood as an art and a science as there’s so much that should be properly expressed or termed when creating a contract. Each clause, phrase, word, as well as punctuation mark could have legal ramifications sometimes in the future. 

Contracts and agreements are at the heart of the corporate world. Therefore, it is necessary to understand that the contracts or agreements have to be drafted carefully so that no loophole in a contract can be used against the parties of the contracts.

As the saying goes, “a stitch in time saves nine”, a contract which is drafted carefully can help save a future liability or any unrequired complexity presented during the course of the business. Lead India helps you with similar issues, as we not only merely help draft contracts but also take all necessary precautions before a contract has been executed. Therefore, if you wish to seek the services for legal contract drafting, you may contact us.

Legal documents as well as businesses go hand in hand, properly drafted contracts would help  the company enter a new market or can also help it extend the scope of the business opportunity. A legal document will help you from preventing the copying of any of the sensitive information by the competitors. Various types of contracts or key legal documents which are essential for the startups or businesses have been mentioned below- 

Non-Disclosure Agreement

• A startup has to protect its creative ideas, or any new product which is of great  import to the company or any other sensitive information in order to retain its competitive edge, or else such important information can easily fall in the hands of the rival companies. A NDA or Non-Disclosure Agreement is a legal document which could help preserve this confidential information. 
• A NDA can also include a clause specifying if the confidential information should be returned or to be destroyed or the manner in which destruction so mentioned should be done. 
• A contract may also include remedies which are available in case there is some breach of contract. 

Trademark

• Trademark is a sign helping differentiate between the goods of one enterprise from the other. Trademarks are protected under the Intellectual Property Rights. A registered name would help secure your business  by creating a specific brand image with the passage of time. 
• As provided by the Ministry of Industry and Commerce, the Controller General of Patents, Designs and Trademarks would register trademarks in India, as has been mentioned under the Trademark Act, 1999. 
• Legal protection to the products from being copied and being sold in the market is provided by registering a trademark, which if not done could greatly damage your product. Legal action could be initiated against such a party, who has copied your products or is selling products under your company’s trademarks. 

Employee Contracts

• Employing a new employee would include a number of legal documents. An employee contract is the type of document signed between an employer and his employee defining the rights and responsibilities of the employee who has been employed. 
• Such employee contracts would provide the legal obligations including the expectations of the company and the employees of the company in order to minimise any future disputes. The contract before employing could be helpful in case you wish to ascertain that the employed candidate would not leave the employment too soon, or disclose any sensitive information related to your business with your competitors. 
• Non-competition clause a separate agreement could be prepared for such clause or it can be included in the employment contract as well. A non-competition clause, forbids the employee from getting engaged in any business or operation in competition with the business of the company or services provided by the company for a fixed period of time which has been provided in the contract. 
• An employee contract would also include role and responsibilities as well as the scope of work of  an employee. It must also explain the role an employee is expected to play during the course of his employment. 

Terms and Conditions

• It is important during a business transaction to decide in advance the terms of conducting the business with the clients. For instance, if you are a supplier or a purchaser, it will be necessary to have such a contract which contains the terms and conditions ready before finalising a deal. 
• A contract for terms and conditions has to include the process for payment, distribution of the goods or services expressed in the contract, cancellation policy, or any other detail required for  proper completion of the business deal. 
• The contract must include the liabilities and rights of the parties if a particular situation arises affecting the business.

Business agreements template

A business agreement template is the template designed to help a company of any size to easily write up contracts for their many business dealings. Such contract or agreement templates will  cover a huge wide variety of agreements, including those of service agreements, contract terminations and other partnership agreements. Business agreement templates are useful for companies generally, which lack the in-house expertise required to know where to even start while drafting such contracts. Not only would it help you save time, but would also ensure that  you don’t forget a standard clause which may cost you money in the long run.

Why do you need to hire someone?

Legal Contracts or other official documents are necessary when conducting business, buying or selling some real estate, or when negotiating an agreement. Contract drafting is important in order to ensure that the terms of a contract, lease, authorization or any other detail expressed in the contract are properly accounted for. A contract will only be as good as its drafting, hence it is extremely important to appoint an experienced advocate who shall draft a beneficial and legally binding contract without fail. You may seek assistance from an experienced advocate with the advice of your friends or relatives or seek legal guidance online from lawyers. If you wish to ask a legal question or seek free legal advice online, you may contact us at lead India.