Commercial contracts
The contract should have the nature of a commercial contract if both contracting parties are an commercial entities.
Commercial contracts
The contract should have the nature of a commercial contract if both contracting parties are an commercial entities.
When concluding commercial contracts, the legal knowledge is of great importance in the negotiation phase. Negotiations are a non-binding phase for both parties, however, a party that is unfairly negotiating is liable to the other party for damages. When concluding commercial transactions, it is necessary to respect not only the applicable domestic legislation, but also the usages, business customs, trade clauses, general international provisions of the FIDIC Federation and other European and international legislation.
Good foundations are essential for success in business, because with good foundations you can avoid disputes and other inconveniences in your business. Business disputes not only imply a cost burden to your company, but they also imply a poor voice and huge time shifts, which can often be fatal in the business. In our firm, we advise you what is best for you and your company in a given situation, and we provide assistance in the construction of all types of contracts.
We prepare general (cession contracts, brokerage agreements, business cooperation contracts …) and autonomous commercial contracts (building contract, construction supervision contract, engineering agreement, commission agency contract, brokerage contract, shipping contract…).
We also advise you which payments and institutes are in your case the most effective means of securing a contractual obligation, whether it is a documentary credit, contractual penalty, earnest, security deposit, or any other type of insurance envisaged by our legislation.