What is Contract Drawing?
It sounds obvious, but it isn't. In commercial and business relationships, having good contracts is fundamental.
It is very common for businessmen and managers to believe that signing a contract is very bureaucratic, unnecessary, that one must maintain a relationship of trust with clients and suppliers, the famous "moustache line". Or that a model taken from the internet is enough. But, unfortunately, the reality is that when a problem occurs, it is much bigger for those who do not have a well-drafted contract.
How can Contract Drafting help you?
Can you imagine losing everything because you don't have a contract guaranteeing all your rights? And what is a good contract?
A good contract is one that reflects, in detail, exactly the transaction you want to make. It is sometimes useful to avoid problems even at their origin, since it is very clear for both parties how everything will work: when each party should act, when payment is due or not, what are the responsibilities and obligations of each one, for which items or facts the party is not responsible, if there is a disagreement, how it should be solved before a legal measure is adopted, how the party confirms that the contract was fully complied with, among other items.
A good contract is strategic, addresses the interests of the parties efficiently and translates into conditions, incentives for it to be fulfilled to their satisfaction, if not, overcome by the parties. The TCT, in its process of preparing contracts, understands the productive and commercial process, visits the company, interviews those involved, to know in depth the relationships maintained with clients and suppliers and tries to foresee which are the potential mishaps to be overcome and put the solution in the contract. The contract must also take into consideration the contractor's profile. There is no point in including a very high contractual fine for delay in the delivery of a project if the supplier, due to excessive demand and many times the delay of its own client, usually delays! We have already faced this case. The supplier found itself with several actions for collection of contractual fines that exceeded many times the profit it had with the project. The company contracts were reformed and the obligations of each party were made clear so that if the client was late, the deadline was extended and the fine was excluded or, if the client demanded it, considerably reduced to more acceptable levels.
You also have to consider the trends in the jurisprudence of the courts to which you are going to submit. It is important to be aware of the judicial decisions and avoid the conflicts that commonly occur for that type of business in the judiciary. Finally, the contract has to be written in a direct and clear language, with no possibility of dubious or divergent interpretation. Therefore, the internet model does not suit everyone. A good contract must be customized and well thought out. Worked together with several areas of the company so that it is effective and really protects and encourages its business and growth.
When is the best time to do your Contract Drafting?
The Elaboration of Contracts should be hired whenever there is the need to legally guarantee what was agreed between the parties, that is, if you need a document with legal value that guarantees the rights and duties of both parties, it is necessary to hire legal support for the Elaboration of Contracts. In this case, there is not a right time to hire this support, the ideal is that this elaboration is always done by specialized lawyers.
Trevisan, Carvalho & Trevisan has extensive experience in drafting contracts. We have specialized lawyers who will provide you with personalized service, understanding how your business works and your needs. Contact us.