Eversheds International
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Commercial Contracts
Terms and conditions
Today’s challenges
The majority of businesses consider terms and conditions as an aside which is not germane to their business. Particularly in today's credit constrained markets, where all businesses are looking to seek incremental gains and avoid unnecessary costs, this has never been further from the truth.
It is estimated that over half commercial trading takes place on the terms hidden on the 'back of an invoice'.
Terms and conditions that are not properly incorporated into the contractual arrangements can therefore have no effect or do not reflect the commercial relationship that the parties intended to put in place. The irony is it does not take a huge exercise to put this right, but most businesses fail to do so as they focus on a few key contracts leaving them exposed on a far wider range of smaller relationships which are far more likely to go wrong.
How Eversheds can help
Through its dedicated commercial contracting group, a group of lawyers dedicated purely to establishing effective commercial relationships, we have a team that are able to focus on the issues that matter to your business. As part of our contract process review programme we can help you put in place systems to both strengthen your contractual position and, more importantly, recognise the key commercial benefits and risks that you face and establish ways in which you can address them on the ground. In this way your commercial teams can focus on the commercial elements that really realise value and cost savings for your business.
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