A contract is a legal document between two or more parties that clearly spells out just what is expected and required of each party in a particular transaction.
Any time you enter into a written transaction or agreement with another person or business, you enter into a contract and in most instances it is legally binding. Before you sign anything you should always get trusted legal advice so you can clearly understand your rights and obligations.
How long is it since you had your terms of trade/sale reviewed? Are your terms compliant with the Personal Property Security Act? Have our lawyers review or create them now to ensure you are protected in your dealings.
We can also assist you with creating distribution agreements. A distribution agreement is a legal document between a supplier and a distributor. In some cases the supplier may be the manufacturer of the goods or the distributor reselling another’s goods. There are two types: exclusive distribution agreements and non-exclusive distribution agreements. An exclusive distribution agreement is when the supplier agrees to sell their goods exclusively to the distributor. This usually comes with certain terms and conditions often containing sales performance requirements. It is very important that distribution agreements contain sufficient detail to ensure your operations are protected. Informal agreements can often be messy due to miscommunication or vagueness as to the party’s agreement. We can help your business by sharing our expert advice and ensuring that your best interests are legally protected.
Whether it is preparing a new contract, reviewing one you already have or another party has presented you, the team at Lynn & Brown can provide you with a tailor made solution to protect your business from any potential future risk and give you the best opportunity to succeed in your business. We work with you to ensure your current agreements and transactions maximise the effectiveness of your business and are compliant with legislation. Let us protect you in your dealings.