A contracts attorney manages an abundance of work which includes advising on planning of contractual documentation, structuring disputes and agreements establishing liability for breach as well as the remedies for breach of contract.
They counsel on business disputes Including contracts as:
Business area which further includes shareholders agreements, joint venture contracts and structuring, directors’ contracts, financing for technology companies consultancies including management consultancy agreements trading and commercial area including distribution agreements, online service terms, reseller agreements, buying and selling a business outsourcing which includes ASP agreements, business software applications, BPO and re engineering IP management including non-disclosure and confidentiality agreements, licensing and protection of logos and brand names, content management licensing includes content and software licensing in broadband media, licensing intellectual capital and property and business process structuring and employment issues.
While signing a contract, people expect to honor its terms of the contract, and hope that the other party will do the same. If the terms of a Contract Lawyer are breached by one party, the other suffers a loss. Then, there are several contract law remedies which the party suffering from the breach uses. When court orders the party breaking the contract to perform his/her obligations as agreed in the contract, it is known as”specific performance”. Damages caused indirectly by breaking a contract are called “Consequential damages” and “liquidated damages” are the ones specified in the contract. They work as incentive to continue the contract, but may not be related to the actual loss caused by the breach of contract. And”punitive damages” are the ones which punish the breaching party of contract litigation.
Acceptance Contract Law:
Acceptance of an offer results in unconditional agreement to all the conditions that are offered in a contract. It’s usually in writing, but at times, offered may accept an offer by delivering goods in reaction to the supply of purchasing.