A legal contract or an agreement is not a mere piece of paper
for signing between two parties but it protects one business entity
with its rights and remedies.
An agreement also create responsibilities, conditions, manners,
time limit, monetary issues, etc so that every corner
of the agreement is properly sealed failing which it may result
A legal contract or an agreement has to be drafted with all sine
qua none i.e important limbs as below :
scope of work/service
obligations / do's and don'ts
documentation & invoicing
dispute & settlement
observation and applicability of law
Survival cum Protection clauses
place of performance /supply
Business Secrets & confidentiality
non – competitive clauses
Every agreement has to be drafted with special caution and
stereotype drafting may have fatal result.
A legal and valid agreement should have most important
Straight & small sentences
Hence, all the following agreements have to be drafted in terms
of specific requirements and nature of supply/service
Sale & Supply Agreement
Joint Venture Agreement
Job Work Agreement
Non Disclosure Agreement etc.
AMLEGALS, a full service law firm, advises to draft every
legal agreement by considering each and every aspects of law,
rights, scope, liabilities & remedies atleast so that an
agreement is not made in a stereotype and loose ended manner.
It is also important to understand that no business entity can
afford to face endless litigations and hence it is always advised
to opt for an arbitration agreement. Therefore, it has to be
ensured that there is an inbuilt provision of arbitration in each
and every agreement.
Legal Vetting means making a careful and critical examination of
documents to be executed in terms of law.
Legal vetting of contracts results a thorough due diligence of
clauses of the agreement and also results in ensuring the
all safeguards are taken
specific role is defined
well defined issues
clarity of aspects and monetary terms
etc since a badly drafted agreement will not only result in
confusion in wordings but may also result in losing your stand due
to the anomaly created by the usage of the words.
Since, an agreement has to be read, understood and
analysed as per the wordings and expression employed in the body of
an agreement. It is pertinent to understand that under no
circumstances any artificial word can be infused or an additional
meaning can be drawn other than what is understood in literal
Therefore, it is always advised to go for a legal vetting of an
agreement/documents in order to save unforeseen loses which
could been averred if a proper action of legal vetting by a law
firm is executed in time.
The copy paste or stereotype legal agreements/contract and
documents may be suicidal and hence a legal expert has to be
approached to make a proper legal agreement and for legal
vetting of documents as well.
For agreements and legal vetting, please contact us.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The Ministry of Corporate Affairs notified on June 5, 2015 that certain provisions of the Companies Act, 2013 shall not apply to private limited companies or shall apply with such exceptions or modifications as directed in the notification.
Whilst trade and barter have existed since early times, the modern practice of forming business relationships through the means of contract has come into existence only since the industrial revolution in the West.
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