Commercial laws are applied in the numerous contracts, agreements and transactions which have been established over many years with the various courts passing judgement and establishing precedents and interpreting the various laws that have been made.
The commercial laws applicable ensure the security and efficacy of commercial contracts, agreements and transactions.
One of the basic principles of commercial law is to ensure that a contract, agreement or transaction with the client, supplier, partner or consumer will be binding and enforceable to provide clarity, certainty, as well as enforceability.
Security of Business Contracts, Agreements & Transactions
It is extremely important that in a democratic society the laws passed and applicable in the various transactions have certainty and are adhered to and, if breached, are able to be litigated, interpreted and enforced by Courts and Tribunals such as VCAT.
It is also extremely important for all parties to feel secure in the knowledge that a contract, agreement or transaction that they have entered into will be carried out and be binding and therefore, the company, business or enterprise may then prosper in the knowledge that in the event that another party breaches the binding contract, agreement or transaction, that there will be legal consequences by way of litigation and enforcement through the courts of law.
Experienced commercial lawyers are important
Velos & Velos Lawyers have over forty years of commercial law experience and understand the Australian, as well as the International Global Marketplace and are ready and able to assist their local, interstate and international clients with all matters relating to commercial law matters and are able to protect and advance their respective legal rights and interests such as:
- the formation of an appropriate and suitable entity, be it a company, trust, partnership, sole trader or a combination of these to best meet the requirements and interests of the client in each case
- prepare or check contracts, agreements or transactions between parties including suppliers, distributers, clients, customers or consumers
- check that appropriate financial arrangements are entered into which are not onerous and dangerous for the client in each case
- check in relation to management arrangements within the entity of the client and make recommendations to best secure the client’s interests
- check management arrangements such as the structures of the entities, various capacities, subcontractor and employment agreements
- attend to providing legal research and advice in order to best protect the entities in litigation, and to represent them at the courts
- obtain instructions with respect to dispute resolution in order to settle cases early so as to avoid costly litigation and achieve speedier and cost-effective settlements.