Model Contracts
Traditionally, the contract is viewed as a legal requirement for a payment exchange (what are the payment and bank details?). However, should dispute arise, it is being approached from any angle, but not the legal one.
As such, it is a common practice in the industry to have “model contracts” and use them for all occasions and deal types. “Model contracts” are standard documents that had been set up by somebody in the past for whatever purpose, or even taken from standard contract books, search engines, and other sources; for example, “Garant” or “Consultant”.
In practice, a model contract will not protect interests of both sides, given that the two parties have opposite interests: the seller is interested in getting paid as soon as possible for goods and services, and the buyer is interested in paying later; the client wants to receive goods and services in full for the price stated in the agreement, and the vendor wants to provide minimum amount of services for the same price; for the customer it is important to have the job completed timely and for the price stated while the contractor prefers getting a big pre-payment, hiring cheap sub-contractors with minimal quality assurance and imposing extra services not included in the price.
Often, employees not being legal experts, such as managers and accountants, attempt to improve the contract and protect the organization from harms and evils of the industry; however, the best contract is the one that is analyzed systematically and professionally.
At Legal centre INDEPENDENCE our staff has extensive expertise in contract negotiation and set up and will offer you professional and individual approach to your case.