Agreements are frequently used for various purposes. The business world is full of agreements between businesses and individuals. Oral agreements can be used, but usually formal and written agreements are given more priority and legal status while engaging in any sort of business operations.
Written agreements disclose the expectations of both parties and make them serious about their actions. Written Agreements are legally enforceable in a court of law safeguarding the business’s resources. Additionally, a written contract gives the parties framework for determining and negotiating potential future pitfalls.
Legal advice should always be sought before entering into any agreement or drafting any agreement to avoid being taken advantage of or misunderstanding of any legal term that might lead the business to financial or legal difficulties.
FINMART aims to ensure that the client understand the details of the business agreements they are making. FINMART clearly enrolls themselves in their client’s actions and goals and work out the precise details of their venture, including their obligations, payments, warranties, services, earnings and penalties for non-performance etc.
The broad components through which any agreement can be drafted are:
We provide no basic templates at FINMART because we believe a perfect agreement should reflect the unique commercial circumstances of the parties negotiating the agreement. We at FINMART take into account our client’s needs, concerns, commercial risks; financial and legal matters etc. while drafting any agreement.
The list of agreements provided by FINMART is:
Any individual or any sovereign entity may require the Agreements as per their requirements.
The documents and information needed will vary based on the agreement selected by the client. Let FINMART understand your needs and assist you in documents requirement.
An Employment Contract Agreement is a contract between an employer and employee. It covers various things like hours of work, rates of pay and holidays. Every employee must have an employment agreement. It is legally binding, which means if one side doesn't do what they've agreed to, the other side can enforce the agreement through the certain legal assistance.
A Non-Disclosure Agreement (NDA) is a legal contract between at least two parties that defines confidential material, knowledge or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets.
The MOU is often the first stage in the formation of a formal contract. It is a legal document outlining the terms and details of an agreement between parties, including each parties requirements and responsibilities. An MOU is far more formal then a handshake and is given weight in a court of law in case one party fail to meet the obligations of the memorandum.
A Share Purchase Agreement is a legally binding document between a shareholder and a company. This document contains information dealing with the amount of share being purchased, how much the share costs and how the payment will be made.