Commercial Contracts Essentials

Business relationships are a critical aspect of most business functions, and contracts are central to those relationships functioning well. The process of negotiating a contract, and then performing it, can itself be costly and time consuming and carry risk of damaging a relationship, especially if the contract itself is poorly constructed or misunderstood by the people negotiating or performing it. A contract, if constructed and understood well, can help create value, build relationships and trust, and manage risk.