Head of practice
Attorney. Specialist in commercial and labor law. Over 16 years of experience in legal support of businesses - debt recovery, contract enforcement, recovery of damages, commercial property and lease disputes.
Legal audit of contracts
What is a legal audit of contracts?
The concept of legal audit
A legal audit of contracts is a verification of their legal correctness, compliance with the legislation of the terms of contracts and the level of ensuring the legitimate interests of each of its parties. The purpose of such an audit is to identify possible risks when concluding a relevant agreement (financial, legal, tax, etc.), as well as protect the interests of counterparties. The final and desired result of such a legal audit should be the optimization of the contractual terms in the agreement.
Signs of a legal audit of contracts
This audit is a comprehensive analysis of documents, which has a number of characteristic features. On a par with a counterparty audit, a legal audit of contracts is one of the guarantees of protecting domestic business. The object of the audit is the general compliance of the agreement with the law (whether the terms do not contradict the current norms of national legislation), mandatory details of the contract (the presence of all necessary items, in particular the subject of the contract, the rights, and obligations of the parties, deadlines for performance, etc.), financial risks (the possibility of hidden fines, sanctions, unfavorable payment terms), grounds for terminating the contract (primarily whether mechanisms are provided for protecting the interests of the parties in pre-trial and judicial proceedings), compliance with other interests of the client (whether the contract is fair and mutually beneficial). Such an audit is necessary, firstly, for businesses before signing important contracts, and secondly, for individuals when concluding significant transactions (for example, the purchase and sale of real estate).
Procedure for conducting a legal audit of contracts
As a general rule, legal verification of agreements in the field of economic activity involves:
- first, collection of documents. The client provides contracts, additional agreements, annexes, acts and other documents related to the agreements. At the initial stage, the purpose of the verification is also determined and clearly formulated for the client (risk assessment, optimization of conditions, etc.);
- second, formal analysis of the contract. The presence of mandatory details is checked (title, full names of all its parties, subject, validity period, etc.), compliance with legislation and general requirements of similar transactions is analyzed in accordance with the norms of the current Commercial Code of Ukraine;
- third, qualified analysis. At this stage, lawyers check the possible risks of signing, assess the balance of rights and obligations of the parties. The procedure for settlements, payment terms, provisions on penalties, compensations, warranty obligations, etc. are also checked;
- finally, preparation of a legal opinion. An analytical report is drawn up with a list of identified risks, recommendations are made for correcting or changing individual provisions.
For more detailed information on the above procedures, we recommend that you seek high-quality legal advice from qualified specialists at Prikhodko & Partners.
Legal audit of contracts from lawyers at “Prikhodko & Partners”
Our law firm has been providing a range of services in the field of business activities for several years. In addition to legal support for concluding contracts, we are also interested in providing clients with professional legal audit of agreements.
Our specialists, using the appropriate qualifications and professional experience in the relevant field, offer:
- initial consultation to inform about the legislative requirements for the form and content of the agreement, the features of the legal due diligence procedure, and the formation of the price of the legal due diligence. It is worth emphasizing that the cost of such a service is not fixed in our company and depends on a number of factors (volume of documentation, urgency of the request, complexity of the audit, etc.);
- two-stage analysis of the client’s contracts for compliance with current legislation, identification of potential risks and inconsistencies. Special attention is paid to identifying the “weak points” of the contract that may lead to litigation or financial losses in the future,
- which is especially relevant when concluding investment contracts;
preparation of a professional legal opinion and a new version of the contract.
Our company’s lawyers help the client make informed decisions, avoiding unnecessary losses. Effective optimization of contractual relations with our help can serve as a guarantee for ensuring the legal security of the business.
Thus, a legal audit of contracts is a comprehensive legal review of agreements for compliance with current legislation, aimed at identifying and minimizing risks for the parties. It includes an analysis of mandatory details, legal and financial aspects, possible sanctions and methods of termination. Such a legal audit helps businesses and individuals protect their interests, optimize contractual terms and avoid potential legal problems.
Thanks to professional legal audit of contracts from specialists of the Prikhodko & Partners Law Firm, parties can conclude safer and more profitable agreements in the business sphere. To receive initial legal advice on this issue, please fill out the form below.
Calculate the cost of services
1 question
Were other lawyers handling your case?
2 question
Are you in Kyiv or Kyiv region?
3 question
Do you need legal assistance urgently?
Is a subscriber form of service possible to quickly resolve issues as they arise?
Yes, of course, we take companies for permanent support.
The subscription form of service allows you to receive a full range of legal services on an ongoing basis for a fixed monthly fee.
Our lawyers will accompany all economic legal relations of your company: from drawing up contracts and solving corporate issues to representing interests during inspections by regulatory bodies and in court disputes.
We have very flexible pricing, so contact us and we will discuss your specific case.
Do you work only in Kyiv?
Fortunately, modern technologies allow us to effectively solve almost any legal issue online regardless of your location. In cases where personal presence is necessary, our lawyers are ready to travel to any point in Ukraine. Moreover, thanks to our network of reliable partners abroad, we can provide legal support even in international cases. Our goal is to provide you with quality legal assistance wherever you are.
You may also need:
Claim for damages
Read moreLegal audit of business
Read moreLegal audit of the company
Read moreAdvertising of medicines: legal support of advertising and audit of advertising materials
Read moreBUY A READY BUSINESS (FIRM) IN UKRAINE
Read moreLegal audit of the company’s constituent documents
Read morecall back
during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)

