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Legal assistance in concluding a contract

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PREMIUM 48.51
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Khyzhavska Olesia Yaroslavivna
Lawyer
Ukraine / Khmelnitsky region
Khyzhavska Olesia Yaroslavivna

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Publication date: 03.07.2024

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Legal assistance in concluding a contract

Conclusion of a contract is an important part of commercial and legal relations. The safety and efficiency of business or personal relationships depends on how competently the contract is drawn up and executed. Legal assistance can help avoid mistakes and misunderstandings that can lead to serious financial and legal consequences.    

A contract is a legal act expressing the agreement of two or more parties to establish, change or terminate civil rights and obligations.

Professional legal assistance will help avoid possible mistakes and ensure the successful completion of the transaction.

Contacting a lawyer when concluding a contract is an important step to protect your interests and ensure legal security.

In Ukraine, contracts are regulated mainly by the Civil Code of Ukraine, as well as other legislative acts, which may refer to specific types of contracts, for example, employment or rental contracts.

Main characteristics of the contract in Ukraine

  • Consensuality - most contracts are consensual, that is, they are considered concluded from the moment the parties reach agreement on all essential terms of the contract.

  • Bilateral or multilateral - the contract can be concluded between two parties (bilateral contract) or more (multilateral).

  • Obligations of the parties - each party to the contract undertakes to perform certain actions, for example, to transfer property, perform work, provide services, pay money, etc.

  • Payment and non-payment - contracts can be both paid and free. An example of a paid contract is a purchase and sale contract, and a free one is a donation.

  • Form of contract - some contracts must be in writing in order to be legally valid. For example, a contract of sale of real estate.
    Legal force - the concluded contract has legal force and is binding for the parties. In case of violation of the terms of the contract, the parties can apply to the court to protect their rights.

The process of concluding a contract in Ukraine

The process of concluding a contract in Ukraine is regulated by the Civil Code of Ukraine, the Economic Code of Ukraine and other legislative acts. The conclusion of a contract is one of the key elements of legal relations between subjects who agree on rights and obligations to each other.  Let's consider in detail the process of concluding a contract in Ukraine:

  1. Development of the contract. The first stage is a detailed discussion of the future agreement between the parties. This includes defining the main parameters of cooperation, the rights and obligations of each party. It is important at this stage to find out all the needs and requirements of the parties in order to avoid misunderstandings in the future. Lawyers for each party can act as advisors, ensuring that all relevant aspects are taken into account.

  2. Agreement of conditions. At this stage, the parties reach an agreement on the key terms of the agreement, which will be enshrined in the contract. This includes price, terms of performance, rules for termination of the contract, liability for breach of terms, etc. Agreeing on terms may require several rounds of negotiations and adjustments to suit the needs of both parties.

  3. Execution of the contract. After reaching a consensus on the terms of the contract, the lawyers of the parties prepare the final document. Depending on the type of contract, it can be drawn up in writing and signed by both parties. Certain types of agreements, such as real estate sales agreements, may require notarization of signatures.

  4. Registration of the contract. Some contracts require official registration with state authorities. For example, the purchase and sale of real estate must be registered in the register of rights to real estate in order to transfer ownership rights. Registration ensures the legal force of the contract and often requires additional documents and fees.

  5. Execution of the contract. The parties fulfill their obligations in accordance with the terms of the contract.

Legal assistance at each of these stages is extremely important. It helps to ensure that the contract will be legally correct, reflect the real agreements between the parties and protect the interests of the parties from potential risks. The involvement of experienced lawyers is critical to ensure the legality, efficiency and security of transactions.

Question

What types of contracts require legal assistance?

Respond

Types of contracts that require legal assistance: sales contracts, lease contracts, employment contracts, license contracts, subcontracts, service contracts, marriage contracts, property division contracts, contratc, etc.

It is important that before entering into any contract, the parties have the right to receive legal advice to ensure a correct understanding of the terms and legal consequences of entering into the contract. Experienced lawyers of the Legal Marketplace "Consultant" will be able to provide assistance in the following matters: drafting a contract, drafting a document.

Legal assistance in concluding a contract by lawyers of YM “Consultant”

The conclusion of a contract is an important legal act that requires an accurate understanding of the terms and consequences for all parties. Legal assistance in this process can prevent future disputes and ensure compliance with the law. 

 

Here are the main advantages of involving a lawyer when concluding a contract:

  • Deep understanding of legislation - lawyers have the necessary knowledge and experience to interpret legislative acts relating to a specific type of contract. They can ensure that the contract complies with all applicable laws and regulations.

  • Protection of rights and interests - a lawyer will help identify potential risks and include the necessary conditions in the contract to protect your rights. They can also make sure that the contract is fair and balanced for all parties.

  • Prevention of legal errors - an experienced lawyer will review the contract for possible legal errors that could lead to legal consequences in the future, including vague terms, contractual gaps, or incomplete documentation.

  • Negotiation and modification of terms - lawyers can act as negotiators to achieve better terms of the contract. They are able to objectively evaluate the proposals of the other party and propose modifications of conditions to achieve the optimal result.

  • Support in the registration and execution of the contract - in some cases, for example, when buying and selling real estate, the contract may require official registration. The lawyer will help in the preparation of all necessary documents and accompany the registration process.

The lawyer helps the client understand the terms of the contract, identify potential risks and protect the client's interests. It is important to understand each clause of the contract to avoid unexpected circumstances in the future.

Conclusion

Engaging the lawyers of YM "Consultant" when concluding a contract may seem like an additional expense, but in the long term it is an investment in your legal security and the stability of your business relations.
Drafting a document, writing a contract, drawing up a document by a lawyer is a fundamental stage in the process of concluding any business or personal agreement, ensuring legal accuracy, protection of interests and compliance with legal requirements. Involvement of a qualified lawyer in the process of drawing up a contract not only contributes to the correct drafting of the document, but also minimizes the risks of future conflicts and litigation. This is especially true for complex transactions that involve significant assets, long-term liabilities, or significant financial investments.
Drafting a contract, drawing up a contract with the help of a lawyer is an investment in the stability and security of future relations between the parties. This is not just a process of formalizing a document, but a strategic decision that guarantees legal support and peace of mind for the parties to the agreement. Given the complexity of the modern legal environment and the importance of every detail in the contract, legal support is an indispensable element of successful and conflict-free business transactions.

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