has been developed. The main condition for its execution should be the full agreement of the parties with all points, and then the document will be valid.
The most important thing when drawing up a contract is a thorough study of its content and a competent formulation of the main points. Below are all the points that are written in the document:
Preamble. This section overseas chinese in uk data contains all the details of the parties to the transaction – the name and details of the individual entrepreneur and legal firms, passport details if the party is an individual.
Subject of the contract. Here the essence of the task that the customer orders to be completed is written down. If it is voluminous, then its essence is disclosed in more detail in the specification, which is an appendix to the document.
Terms of validity. The date of commencement of the work under the contract and the moment of its completion must be indicated here. By agreement of the parties, the terms of intermediate stages can be specified.
Financial issues. The cost of the activity in monetary or other terms is indicated. If an estimate is provided for the performance of work under the contract, it must be agreed upon and the possibility or inadmissibility of exceeding it must be specified. This section also specifies the terms of calculation, payment procedure, the possibility and amount of an advance payment, etc.
Obligations and responsibilities of the parties. In this section, you need to describe in as much detail as possible the responsibilities of each counterparty to the agreement, as well as issues of their improper performance.
Production. This specifies the order of execution of works under the contract, as well as control of the relevant process by the customer.
Acceptance. The document must specify the conditions for transferring the result of the work based on the preparation of the acceptance certificate. It is necessary to specify the time interval for signing this document after the work under the contract is completed.
Guarantees. It is important to specify the warranty period for the result of the agreed activity, to indicate the probable risks on the part of both the customer and the contractor.
A separate section presents the procedure and conditions for early termination of the contract.
Document for download
Sample contract for the performance of work
To avoid problems during the validity of this document, the following mistakes should be avoided when drafting it:
it is necessary to correctly classify a contract from other similar documents;
correctly determine on the basis of which regulatory and legislative acts the transaction is concluded;
It is necessary to describe all key points in detail;
special attention should be paid to the essential terms of the contract;
It is important to remember to include all the risks that may arise, as otherwise serious losses may be incurred.
It is necessary to specify in the contract the procedure for its early termination so that the parties have an idea of how this will happen and what consequences it may lead to. This clause can prevent the occurrence of a conflict situation.
Author of the article
Dmitry Svistunov
Dmitry Svistunov
Head of SEO and Development