This document outlines the typical structure and components of a commercial contract, including identifying the parties, defining terms, outlining obligations, addressing validity, termination, dispute resolution, standard boilerplate clauses around things like amendments, costs, confidentiality, governing law, and schedules. It provides the framework and sections one would expect to see in a commercial contract.
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Structure of commercial contract arun
1. STRUCTURE OF COMMERCIAL CONTRACT
1. NAME OF THE CONTRACT
2. PARTIES TO THE CONTRACT
3. DEFINITION AND INTERPRETATION
4. RECITAL
5. OPERATIVE PART OR ACTION PART
6. VALIDITY AND TERMINATION
7. REPRESENTATION, WARRANTIES AND COVENANTS
8. INDEMNITY
9. DISPUTE RESOLUTION METHOD
10. BOILER PLATE CLAUSES
a. Entire agreement
b. Further Assurances
c. Cost and Expenses
d. Amendments
e. No Partnership
f. Time is the Essence
g. Equitable Remedies
h. Liquidated Damages
i. Assignment
j. Severability
k. Waivers
l. Force majeure
m. Notices
n. Confidentiality
2. o. Non-Compete
p. Governing law
q. Jurisdiction
r. Read and Understood
s. Counter Parts
11. SCHEDULES
12. EXECUTION SHEET
13.