Commercial Contracts are usually written contracts or documents between various legal entities such as companies, trusts, partnerships, sole traders or individuals with various parties including other entities, subcontractors, employees, clients and customers.
It is recommended that contracts be prepared in written form so that they may be produced, read and interpreted by Lawyers and the Courts.
It is much easier for Lawyers to provide sound advice if they are able to read, analyse and advise on a written document and see as to whether there has been a breach of contract or agreement, such as, if another party has not kept the terms and conditions of the agreement or the spirit of the agreement, and to consider the consequences, loss and damage that may flow as a result and are able to consider the issues of compensation or other legal remedies that may be available to a party that has suffered loss and damage due to a breach of contract.