Key terms and conditions in commercial contracts

Published by a ³ÉÈËÓ°Òô Commercial expert
Practice notes

Key terms and conditions in commercial contracts

Published by a ³ÉÈËÓ°Òô Commercial expert

Practice notes
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This Practice Note considers some of the key terms and conditions found in business-to-business (b2b) commercial contracts. It sets out the general drafting considerations and considers some of the key operative provisions, such as term, primary obligations, warranties, price and payment, confidentiality, intellectual property rights, data protection, liability and limitation of liability, indemnities, termination, and consequences of termination.

For links to more detailed commentary on commercial contracts, generally, see:

  1. •

    Commercial clauses—overview

  2. •

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  3. •

    boilerplate clauses—overview and Practice Note: The role of boilerplate

See also: Commercial contract drafting and review—checklist and Commercial contract review and execution (business personnel)—checklist.

For more specific guidance when considering the supply of services, see also Practice Note: Negotiation guide: services agreements.

Initial considerations

Structure and form

The initial consideration for any contract must be what form it will take, and that decision will largely be informed by what the contract is seeking to achieve and in what environment it is expected to be entered into. For example, simple contracts are capable of being entered into orally, in writing or

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Jurisdiction(s):
United Kingdom
Key definition:
B2B definition
What does B2B mean?

Business to business—contracts between two businesses.

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