Trading Agreements

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When considering your proposed trading agreements, our priority is to understand:

How we formulate an effective approach

We use our experience to advise you on issues likely to affect your intentions. Working as a team with you, we like to summarise the terms of an agreement in bullet point form. This identifies:

There are many different types of trading agreements, but we approach them all with this philosophy.

What we look for from a legal point of view

Key things we look for from the legal point of view are:

  1. The identity of the other trading partner and its financial strength
  2. An exact description of the obligations to be undertaken by the parties to the agreement, whether they be the supply of goods or services
  3. The price to be paid, and the way the price is adjusted in the case of a long term agreement
  4. The term of the agreement and the grounds on which it can be terminated earlier
  5. Any restrictions to be exacted by either party (which may well involve consideration of competition law as well as issues of reasonableness/enforceability)
  6. Security issues – for example if our client is the Seller, then parent company guarantee by the Buyer, title retention, ability to terminate for non-payment and ability to suspend services for non-payment
  7. If our client is the Buyer, then quality issues as for example key performance indicators, penalties in respect of services, inspection and acceptance regimes for products
  8. The choice of jurisdiction and tribunal in the case of international contracts, and whether to stipulate dispute resolution procedures and arbitration

This is not intended to be an exhaustive guide to preparing trading agreements, but we hope that it gives you an indication of our approach.

Why we are particularly strong in this area

We can offer you extensive expertise and experience in dealing with trading agreements. There are very few – if any – trading agreements our team hasn’t prepared, negotiated and even subsequently dealt with disputes on.

Our People

  • John Spratt
  • Chairman, Head of Company Commercial
  • 01295 204115
  • Email
  • Hitendra Patel
  • Director
  • 01295 204108
  • Email
  • Catherine O’Riordan
  • Associate
  • 01295 204150
  • Email
  • Krishan Patel
  • Solicitor
  • 01295 204138
  • Email
  • Christine Ward
  • Tax Law Consultant
  • 07788 750481
  • Email

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Getting In Touch

To learn more about the Trading Agreements service we can offer your business, please contact John Spratt on 01295 204115 at jspratt@se-law.co.uk

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