Commercial

Whether sealing a deal with a new client or partnering with a vendor, a solid commercial contract protects your interests and ensures smooth transactions. Our extensive collection of commercial contract templates is designed to simplify the contracting process, allowing you to focus on growing your business. 

From sales agreements to service contracts, our templates cover a wide range of business needs, making it easier than ever to finalize agreements quickly and securely.

What are commercial contracts?

Commercial contracts establish and regulate business relationships between individuals or entities, outlining agreed-upon actions or restrictions. These written contracts offer enforceability and clarity, guiding parties in fulfilling their obligations.

From software licenses to joint ventures, examples of commercial contracts include:

• Joint venture agreements
• Shareholder agreements
• Business purchase agreements
• Purchase and supply agreements
• Sale and distribution agreements
• Franchise agreements
• Non-disclosure agreements
• Employment contracts
• Intellectual property licenses
• Partnership agreements
• Loan and finance agreements

Why are commercial contracts necessary? 

Regardless of the size of your business, success hinges on accurately capturing arrangements, protecting interests, and limiting liabilities through commercial contracts. 

While every contract is unique, having one in place helps your organization...

• Define rights and obligations.
• Handle dispute resolution with a solid legal foundation.
• Protect its business interests through confidentiality and indemnity clauses.

What goes in a commercial contract? 

As we’ve said before, every contract is different, but to craft an effective agreement, the following key elements may be necessary:

1. Identification of parties: Identify all parties involved, ensuring accurate legal names are used to avoid ambiguity.
2. Transaction details: Outline specifics such as the transaction date, goods or services sold, pricing, and payment terms in clear and concise language.
3. Termination terms: Define conditions under which the agreement can be terminated, clarifying the process for opting out of the arrangement.
4. Standard clauses:
   1. Confidentiality: Safeguard sensitive information by preventing unauthorized disclosure.
   2. Dispute resolution: Specify procedures for handling disputes that may arise during the transaction.
   3. Jurisdiction and Governing Law: Determine the laws governing the agreement, particularly for cross-border transactions.
   4. Indemnity: Protect parties from liabilities resulting from breaches or negligent acts by third parties.
   5. Liquidated damages: Specify predetermined damages in case of a breach, simplifying resolution.
   6. Force Majeure: Address unforeseen circumstances beyond the parties' control that may impact contract performance.

Never misplace a commercial contract again

With Contractbook, managing your commercial contracts has never been easier. By storing all your contracts in one secure and accessible platform, you can rest easy knowing that your important documents are organized and readily available when you need them. 

Say goodbye to the hassle of sifting through endless files, folders, and email threads. With Contractbook, you can locate and retrieve any contract with just a few clicks. Plus, our user-friendly platform makes it simple to collaborate with team members, track contract status, and stay on top of important deadlines.