Clear, intelligent commercial contracts are of vital importance to all organisations. Whatever the nature of the relationship, a well drafted contract will
- reduce uncertainty and the likelihood of disputes
- reflect the level of risk you are willing to accept, and
- provide solutions when things do not go to plan.
Contracts serve a wide range of critical functions from underpinning revenue and managing costs, through to acquiring IT and other infrastructure, outsourcing and exploiting resources and assets. We realise how important it is for your key contracts to be legally robust, clear and, from a practical perspective, usable. Small mistakes can be costly, both financially and in time wasted on resolving avoidable issues.
At Farrer & Co, we can meet your requirements. Whether you need short, practical templates for low-risk ventures or you have to draft and negotiate detailed, bespoke contracts for high-value/high-stakes business-critical arrangements or other transformational projects. Understanding your organisation and the activity you are undertaking, your drivers, priorities and your concerns, as well as any relevant regulatory backdrop, are central to the service we offer. We will always provide a personal and thoughtful approach regardless of the size of the matter.
We deal with commercial contracts of all descriptions, including
- Contractual joint ventures and collaborations (UK and international)
- Supply chain agreements, agency and distribution contracts
- Supply of goods and services
- Brand and other intellectual property licensing and exploitation, including broadcasting
- Events and sponsorship
- Franchising, and
- IT and technology contracts.
We have a concentration of commercial contract work in a number of sectors, including education, research and development, media, publishing and broadcasting, fintech, arts and heritage, charities and not-for-profits, and sports. In these areas industry knowledge is critical to the contractual arrangements that are entered into. We take the time to get to know our clients and the sectors they operate in to ensure that the contracts are fit for purpose.
As a full-service law firm we have the expertise and resources to advise on all aspects of any proposed transaction, for example, financial services regulations, charity law, data protection compliance, employment, property, safeguarding, procurement and tax.