Alignment between the contract and the business relationship
A contract should be assessed not only as a document of standard provisions, but also together with the parties’ field of activity, transaction flow, and commercial objectives.
- The parties’ roles and obligations
- Term, price, and performance conditions
- Procedures that may be followed in the event of a dispute
Assessing risks at an early stage
A legal assessment at the beginning of a commercial relationship can help make the parties’ expectations and possible risk areas clearer.
The content of a contract should not be assessed independently from the actual flow of the transaction.
The need for continuity and review
Where the scope of a commercial relationship or applicable regulations change, existing texts may need to be reassessed.
Specific contractual needs should be reviewed separately in light of the parties and the law that will apply.