Legal basis

• Civil Code 2015

According to Article 385 of the Civil Code 2015: Civil contract means an agreement between parties in relation to the establishment, modification or termination of civil rights and obligations. Therefore, to limit risks and ensure benefits when entering a contract, the contracting party must draft and review the contract carefully before signing to avoid negative arising in the event of a dispute.

1. Principles of contract drafting

When drafting a contract, the following factors need to be met to ensure the legal validity of the contract: 

• Formalities for contracts
• Contracting subject 
• Content contract

2. Terms required in the contract

• The subject of the contract;
• Object of the contract;
• Contract value and payment method;
• Term, place and method of contract performance;
• Rights and obligations of the parties;
• Cases of unilateral termination of the contract;
• Liability of the parties for breach of contract;
• Argument settlement;
• Other provisions.

3. Scope of contract types that SPL Law Firm drafts and reviews contracts

• Commercial contract
• Investment contract
• Labor contract