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Commercial Contracts
Drafting and review of sale, purchase, supply, distribution agreements
What are Commercial Contracts?
📌 Overview
Commercial contracts govern business transactions between parties. HLAPL provides drafting and review services for sale, purchase, supply, and distribution agreements.
✅ Key Aspects
Sale and purchase agreements, Supply and distribution contracts, Pricing and payment terms, Delivery and acceptance conditions, Warranty and indemnity clauses, Dispute resolution mechanism.
⚖️ Legal Framework
Governed by Indian Contract Act, 1872, Sale of Goods Act, 1930, and specific industry regulations. HLAPL ensures legally enforceable contracts.
Important FAQs
❓ What is the difference between sale and supply agreement?
Sale agreement transfers ownership immediately. Supply agreement may involve recurring deliveries with ownership passing at delivery. HLAPL advises on appropriate structure.
❓ What should a distribution agreement include?
Territory, exclusivity, pricing, minimum purchase, termination, and intellectual property rights. HLAPL ensures comprehensive distribution agreements.
❓ Are verbal commercial contracts valid?
Yes, but written contracts are recommended for evidence and clarity. HLAPL recommends written contracts for all commercial transactions.
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