Check the counterparty before signing the contract

Check the counterparty before signing the contract

Author

Ohorodnyk Viktoriia

Know who you're dealing with - whether you're selecting a product supplier, looking for a software developer, or attracting investors, check the counterparty before signing the contract.

What can be checked?

• Existence of tax debt
• Counterparty's income
• Court cases involving the company
• Legality of activity
• Availability of necessary licenses
• Business reputation and other information.

In addition, the founders and beneficial owners of the business can be identified, as needed by the trademark owner.

Where to look for data on companies and FOPs

1. Most of the information can be found on the website of the Tax Service of Ukraine.
2. Register of single tax payers
3. Register of value added tax payers
4. Electronic account of the taxpayer (if the future counterparty agreed to share information).
5. Unified state register of court decisions
6. Unified state register of legal entities, individual entrepreneurs and public organizations

Useful analytical services that will help you find information about the counterparty

• Analytical system "YouControl"
• Analytical system "Clarity Project"
• "Opendatabot" service
• Privat24 for business

To ensure a complete and professional check of the counterparty, we recommend contacting the experts of the Prykhodko and Partners law firm. Our specialists will conduct a comprehensive analysis using all available resources and analytical systems and provide you with a detailed report. This will help you make an informed decision about cooperation and minimize potential risks for your business.