Commercial Contracts

Commercial contracts are legal agreements between businesses or individuals outlining the terms of a business arrangement. They detail the responsibilities, rights, and obligations of each party involved, such as services provided, payment terms, delivery schedules, and penalties for non-compliance. These contracts are essential for ensuring clarity and protection in business dealings, minimizing disputes, and providing a framework for resolving issues if they arise. Essentially, a commercial contract serves as a formal understanding of what each party expects and agrees to in a business relationship.