Supply contracts are a staple of everyday business life, but they should never be taken for granted.
Too many times, companies rely on outdated or over-standardised supply contracts when carrying out their business and end up regretting it when key commercial issues such as payment obligations, liability for damage, consequences of insolvency or delivery obligations raise their heads.
Many companies assume that their contracts cover them in the event of problems arising, but all too often they don’t and this is realised too late. These contracts need to relate to your business and how you conduct your business.
That is why it is worth your while to bring in experts when it comes to drafting and reviewing supply contracts and having a process for periodic review.
Our commercial team work with clients on supply contracts (and other agreements) day in, day out so we are attuned to how they work and what kind of things they need to include and how to ensure that they capture the way you conduct your business.
Importantly, we also keep our clients up to date with changes in the law that can affect supply contracts and how that can, in turn, affect the way that they do business.
As a result, we can help with everything from drafting a straightforward supply contract for a small business to advising on complex multi-stranded agreements which cover a number of different countries.
We find that “little and often” is often a better approach to keeping contracts relevant to the business and up to date with the law than a major redraft after years of inaction.
Our years of experience also mean that we can review existing supply contracts you may have in place and swiftly spot potential issues or problems which we can work to rectify.
We can also talk to you about how to ensure your terms prevail over those of other parties in the “battle of the forms.” We can provide you and your team with contract training if that is what is required.
And in the event of a dispute with a commercial partner, we can call on the expertise of our top-rated commercial litigation team to help fight your corner.
For a legal service which doesn’t take anything for granted, please get in touch.
"Ward Hadaway is noted for its ‘fantastic commercial approach’."