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WHICH TERMS SHOULD BE EXPRESSED FOR THE CONTRACT?

In the vast majority of cases, only the conclusion of the contract in writing guarantees its proper performance by the counterparty in the future, and in case of non-performance – ensures the receipt of adequate compensation.

Proper drafting of the contract allows:

  • clearly define the scope of rights and responsibilities for both the customer and the contractor;
  • determine the algorithm of actions in case of any unforeseen situations, for example, in cases of non-performance of obligations by the debtor’s counterparties, the occurrence of force majeure, delays in payment, etc .;
  • to settle financial issues between the parties, in particular the procedure and conditions of payment;
  • establish compensation mechanisms in case one of the parties violates its obligations – provide for the payment of a fine (one-time payment), interest (amount for each day of delay), inflation costs, refunds, taking into account changes in the dollar exchange rate, etc.

Lack of the necessary legal knowledge, proper experience, ignorance of court practice, business practices leads to the conclusion of an agreement, which, in the event of a dispute, will not protect your interests.

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