Disclaimer : This article is for informational purposes only. If you require legal help with your contract drafting, send us an email and we will help you out. What are Commercial Contracts? A commercial contract is a legally enforceable instrument that binds one party to either do or not do something. It is utilised by and among businesses when entering into transactions with other parties, such as when buying, selling or leasing products and services, or hiring individuals or employees. Commercial contracts include the conditions of the agreement, which encompass all relevant details of the transaction being entered into, such as force majeure , covenants , representations, recitals , mitigating circumstances , dispute resolution procedures as well as jurisdiction of the agreement in a court of law. Check out this article on the essentials of a contract to know more . Improperly Drafted Commercial Contracts A breach of contract occurs when one party fails to meet their en
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