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Business Agreements

Business agreements are legally binding documents, and they play a pivotal role in shaping the relationships and transactions within a business. They can control any commercial interactions.

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It is highly recommended to seek a solicitor’s legal advice when completing a business agreement, this is to ensure you are aware of exactly how you are entering into the agreement. While some business agreement contracts may not need to be in writing, it is always recommended to record it in writing in the common case a dispute arises.

Some common types of business agreements are:

Shareholder agreements –The shareholder agreement regulates matters between Shareholders in Company and how certain situations are to be dealt with such as a shareholding selling their shares.

Supplier Agreements- these types of agreement highlight the terms of the business relationship between both entities. The terms listed in this agreement typically includes the price, quality, and quantity of the goods from the supplier. This is a vital element in maintaining a healthy work relationship between the business owner and supplier as it prevents any risk of complications and disputes with suppliers who may be failing to provide or meet their standard of service.

Non-disclosure agreements – these types of agreement are vital with the business’ confidentiality as it ensures the employees are aware of the expected standard of employee confidentiality. In the Non-disclosure agreement, employees will be notified of what information they are allowed to disclose or protect during their time with the company and after it.

How we can help

P.A. Duffy & Co Solicitors have years of experience working closely with clients who are drafting, renewing, and challenging business agreements in Northern Ireland. We pride ourselves in our commitment to seek the best legal outcome for our clients and their business. Our solicitors understand that business law can be overwhelming for many business owners, so we ensure that the majority of the legal burden is taken off you as we deal with legal matters in your business.

FAQs

Why should I engage with a solicitor when drafting a business agreement?

Ultimately, engaging a solicitor for business agreements is an investment in protecting your business, mitigating risks, and ensuring that your agreements serve your best interests. The cost of legal representation is often outweighed by the potential financial and legal consequences of poorly drafted or unenforceable agreements.

How can I finance drafting, renewing or challenging a business agreement?

We know that funding might be a worry, so we offer a range of options. These include:

• Legal expenses cover

• After the Event insurance (ATE insurance)

• Private payment

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Our team of expert solicitors will be happy to assist you with your enquiry without any obligation to use our services. Contact us using your preferred method and we will gratefully assist.
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Our Commercial Contracts & Agreements Solicitors

Kieran QuinnKieran QuinnDirector
Emma McCaulEmma McCaulSolicitor
Ellen BatesEllen BatesTrainee Solicitor
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