20 COMMON TYPES OF CONTRACTS IN BUSINESS AND TRADE

MCAC introduces the publication “20 COMMON TYPES OF CONTRACTS  IN BUSINESS AND TRADE”, compiled by MCAC Arbitrators.

Contracts are the fundamental foundation of business activities and serve as the “law” governing parties in commercial transactions. From simple dealings to highly complex transactions that may determine the very survival of an enterprise, contractual provisions always play a crucial role in shaping the framework of transactions, establishing the rights and obligations of the parties, and creating mechanisms to protect the aggrieved party against breaches of contractual obligations by the other party(ies). Despite such importance, in practice, contractual terms are not always drafted comprehensively or aligned with the true intentions of the parties, resulting in situations where, when disputes or unforeseen events arise, the contract fails to adequately protect the parties involved.

With the aim of supporting entrepreneurs and businesses in gaining easier access to commonly used agreements and contracts in business activities, reducing the time required for contract drafting, and enhancing the efficiency of negotiation and drafting processes, the Middle Commercial Arbitration Center (MCAC) has compiled and preliminarily revised 20 basic and commonly used agreement and contract templates in business and commerce.

The agreement and contract templates compiled and published by the Middle Commercial Arbitration Center (MCAC) have been collected and synthesized from various sources, including actual contracts drafted by certain lawyers who are also MCAC Arbitrators, similar contract templates publicly available on the internet, and other reference materials.

These contract templates are provided for reference purposes only and do not constitute legal advice or the official opinions of MCAC or its Arbitrators, nor do they represent the views of any individual or organization. In each specific transaction, the parties should make appropriate adjustments to ensure consistency with their agreements and the applicable laws at the relevant time.

Although every effort has been made to review and refine these templates, errors and omissions may still occur. MCAC and the drafting team therefore highly appreciate and welcome comments and suggestions from readers. Kindly send all feedback to the Middle Commercial Arbitration Center (MCAC) at: 115 Nguyen Van Linh Street, Hai Chau Ward, Da Nang City, Vietnam; Tel: (+84 236) 3656799; Email: contact@mcac.vn; Website: https://mcac.vn.

Respectfully./.

Link tải PDF: 20 COMMON TYPES OF CONTRACTS IN BUSINESS AND TRADE