Scott Bailey’s expert commercial contract lawyers have extensive experience drafting and reviewing contracts for businesses across Southampton, Bournemouth, and the South. Our highly skilled team of lawyers has the expertise required to handle everything from long-term framework agreements worth millions to one-time product supplies for a customer. As part of our service, we will ensure that the terms and conditions of your contract are suitable for your business and can act on your behalf to negotiate better terms if needed. With Scott Bailey, you can rest assured that your business is protected.
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What is a commercial contract?
Commercial contracts are agreements related to the purchase or sale of goods or services for your business. They encompass a wide range of contracts, from long-term framework agreements worth millions to one-time product supplies to a customer. In today's business landscape, having a written contract is crucial for safeguarding your business and ensuring that the contract remains practical without hindering the commercial agreement reached.
What types of contracts do our commercial contract lawyers review?
At Scott Bailey, our contract lawyers work with businesses across Southampton, Bournemouth and the South to draft and review various commercial contracts, including but not limited to:
- Advertising agreements
- Agency agreements
- Agreements to supply goods or services
- Distribution agreements
- Framework agreements
- Franchise agreements
- Intellectual Property Licence agreements
- Joint venture agreements
- Manufacturing agreements
- Non-Disclosure Agreements (NDAs)
- Sales agents agreements
- Shareholder/partnership agreements
- Share purchase agreements (SPAs) and asset purchase agreements
- Software licensing, SAAS, and software development contracts
- Supply agreements
- Terms and conditions
To avoid complications, it is advisable to have contracts in place early, ideally before work begins. Our contract lawyers understand that clients often seek advice only when problems arise, but litigating such issues can be considerably more expensive than having a commercial contract drafted in the first place.
How much does a contract drafted or reviewed by a lawyer cost?
Unlike many old-fashioned solicitors, who charge based on moving estimates and hourly rates, our commercial contract lawyers offer contract reviews on a fixed fee basis.
Generally, for a straightforward one to three-page contract, you should expect to pay around £500 plus VAT and disbursements. For a detailed bespoke legal document, the cost can range from £1,200 to £2,950 plus VAT, or more if negotiation and significant redrafting are required.
Drafting contracts is a much more bespoke service and prices can vary significantly based on what is required. If you need a contract drafted, then do get in touch for a bespoke price.
Why should you have commercial contracts drafted or reviewed by a lawyer?
At Scott Bailey, we understand the importance of properly reviewing and drafting contracts. Our team of commercial contract lawyers in Hampshire assists business clients by reviewing contracts before they sign up or commence work. By conducting a thorough review, we ensure that you are fully aware of the terms and conditions, helping you avoid severe unintended consequences.
If you have received a contract that you don't fully understand, or if you are currently negotiating with a new customer or supplier and want to ensure that all agreed-upon terms are clearly outlined in a written contract, our commercial contract lawyers can help. We offer expert contract lawyers who can review and advise businesses like yours on contract terms or negotiate on your behalf. With years of experience in drafting and advising on commercial contracts, our team possesses the necessary expertise to guide you.
In any contract, it is crucial to strike a fair and balanced agreement between both parties, regardless of whether you are the “buyer" or the “seller." We can assist you in reviewing or drafting a contract that suits your needs.
But you might wonder, why should you have your legal contracts reviewed by a solicitor? Isn't that an unnecessary expense? You may have already read the contract and found it satisfactory. While that may be true, engaging a contracts lawyer like us allows you to have your questions answered, the contract negotiated, and the wording scrutinized to ensure it aligns with your expectations and avoids any unpleasant surprises.
Rest assured that investing in a contract review now is far more cost-effective than resorting to litigation in case of a contract dispute. If you do find yourself in that position, our commercial litigation lawyers can help!
Next steps for help with your contract review
Based in Lymington, Hampshire, our expert commercial contract lawyers are here to help. If you would like advice on a commercial contract, please get in touch with our commercial team.
Our lawyers solve problems
like yours every day.
We would like to hear from you. Please send us a message by filling out our form or contact us using the details below.
Phone: 01590 676933
Fax: 01590 679663
Scott Bailey LLP, 63 High Street, Lymington, Hampshire, SO41 9ZT