Contract Consultancy Service: drafting and reviewing

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Contract consultancy is a service that assists clients in developing, drafting, executing contracts, and resolving disputes that arise during their execution. Utilizing contract consultancy services allows clients to maximize their advantages and avoid potential disputes during the contracting and execution process. For a detailed understanding of the benefits of this service, you may refer to the article below by Long Phan.

Contract consulting servicesContract consulting services

Types of Common Contracts

The classification of contracts depends on various criteria such as the rights and obligations of the parties, the dependency of the contract’s validity, etc. Some common types of contracts include:

  • Bilateral contracts, where both parties have obligations towards each other.
  • Unilateral contracts, where only one party has obligations.
  • Principal contracts, which have independent validity and do not depend on any subsidiary contract.
  • Subsidiary contracts, whose validity depends on a principal contract.
  • Contracts for the benefit of a third party, where the contracting parties must fulfill obligations, and a third party benefits from their fulfillment.
  • Conditional contracts, where execution depends on the occurrence, change, or cessation of a specific event.

Based on specific fields or contents, there are various types of contracts such as:

  • Transfer contracts
  • Sale and purchase contracts for assets, goods
  • Power of attorney contracts
  • Land use rights contracts
  • Goods transportation contracts
  • Service provision contracts
  • Commercial brokerage contracts
  • Insurance contracts
  • Credit contracts
  • And more…

Why is Contract Consultancy Important?

Contracts are crucial documents in legal and business transactions. Contract consultancy is essential because it provides numerous benefits to businesses, such as:

  • Ensuring accuracy and minimizing errors during the negotiation and execution of contracts.
  • Ensuring that contracts comply with legal regulations and do not result in violations.
  • Maximizing advantages and protecting the interests of the business through negotiated contract terms.
  • Reducing legal risks in contracts, decreasing the likelihood of conflicts and disputes.
  • Saving time and costs, reducing pressure on businesses, allowing management to focus on core business activities.

The importance of contract consultingThe importance of contract consulting

Scope of Contract Consultancy at Long Phan

Consulting on standard contract templates

  • Providing templates for various contracts such as power of attorney, leasing, commercial agency, real estate sale, service contracts, etc.
  • Assisting in drafting contract templates upon request.
  • Supporting in reviewing and adjusting contracts.
  • Consulting and drafting reserve contracts.

Consulting on regulations and their application in corresponding contracts.

  • Assisting in selecting suitable contract types.
  • Advising on contract content, value, duration, payment methods.
  • Supporting in drafting and developing contract drafts.
  • Consulting on the validity, duration of contracts; penalties and damage compensation scope.
  • Evaluating contract drafts of businesses with their partners as per business requirements.
  • Researching information and documents of related parties to provide effective solutions in contract development, ensuring business interests.
  • Participating in negotiations and discussions to sign contracts with businesses.

Resolving Contract Disputes

Long Phan supports clients in resolving contract-related disputes through negotiation, commercial mediation, commercial arbitration by:

  • Advising and identifying dispute contents;
  • Determining bases, appropriate dispute resolution directions;
  • Advising, guiding, and supporting in gathering related documents and information;
  • Drafting and preparing related documents and submissions;
  • Representing clients in discussions with competent authorities, arbitration bodies;
  • Representing in negotiations and mediations related to contract disputes.

Contract consulting at Long PhanContract consulting at Long Phan

Contract Consultancy Process at Long Phan

This includes:

Step 1: Receiving client’s information, documents, and requests.

Step 2: Assigning experts to research and identify the best methods for the client.

Step 3: Experts draft contracts and support clients in negotiating contract contents with partners.

Step 4: Finalizing the drafting process for clients.

Step 5: Transferring the finalized contract for signing by the involved parties.

For cases of contract dispute resolution, we will have a separate consultancy process to effectively assist clients with the issues they are facing.

Contact for Contract Consultancy

Clients may contact us through the following means for professional and dedicated consultancy on contract-related issues:

  • Email: info@longphanpmt.com
  • Hotline: 090.673.5386
  • Facebook: Long Phan Investment Consulting Company Ltd.
  • Zalo: 090.673.5386
  • Headquarters: Commercial Lot TM7, Lavita Garden Apartment, No. 17 Street No. 3, Truong Tho Ward, Thu Duc City, HCMC

Contract consultancy services will maximize the benefits for clients in contract negotiations, building contracts that leverage their potentials and avoiding limitations and risks, along with effective solutions for dispute resolution. Long Phan is your partnering firm in this journey. For contract consultancy needs, please contact us at Hotline 090.673.5386 for prompt assistance.

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