Avoiding risks and costs
'Good' contracts:
'Good' contracts are key for a successful business relationship, be it with customers or with suppliers. They can significantly lower the risk of disputes and the effort and costs involved.
The foundations for competent contract negotiations and good contracts are these: contract templates that are tailored to the needs of the company; creating contract know-how among staff; and establishing processes.
Legal risks:
The violation of legal provisions is a risk that can entail significant consequences. The company and its management are held liable in particular for mistakes in the application of legal provisions that were made due to a lack of process and of know-how among their staff. This can result in stiff penalties for the company as well as managers or employees being held liable under civil or criminal law.
Companies can avoid these legal risks by establishing processes, continuously building up know-how among their staff, as well as performing regular monitoring.
Avoiding disputes:
Unresolved disputes block day-to-day business, strain business relationships with customers and supplier, and frequently entail high costs. Finding early solutions to disputes is frequently more cost-effective than taking cases to court, appellate court and so on.
The in-depth analysis of the contractual rights and duties, the realistic assessment of the chances of success, as well as separating the conflict from the emotions usually help the parties to come to a mutually agreeable solution.
Competences
CONTRACT LAW
Contract design
Contract negotiations
Contract review
CORPORATE LAW
Shareholder contracts
Organisation
Consultation for shareholders and management
COMPLIANCE
Creating compliance systems
Avoiding corruption
Avoiding false self-employment
TRAINING
Contract law for purchasing and sales departments
Compliance know-how
PROCESS CREATION AND ESTABLISHMENT
Concluding contracts
Compliance processes
Short profile of Ulrich Hofbauer
Ulrich Hofbauer has been active as lawyer and corporate legal counsel since 2000. He is thus familiar with the challenges, processes and communication of companies who are active internationally, both from the perspective of an external lawyer and of the in-house legal department.
His clients include international machine engineering companies, craft and trade businesses as well as service providers.
Located at
Martini-Park
Ulrich Hofbauer | Rechtsanwalt
Provinostr. 52
86153 Augsburg