Corporate & Commercial Law

Commercial Contracts —
Agreements That Actually Protect You.

A contract is only as good as what it says. We draft, review, and negotiate commercial agreements that clearly define your rights, protect your interests, and hold up when tested.

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What This Covers

Why the details in your contracts matter.

Many commercial disputes arise not because of bad faith, but because of poorly drafted contracts — ambiguous clauses, missing provisions, or terms that do not reflect what the parties actually agreed. A well-drafted contract prevents disputes before they arise.

At LK William, we draft and review commercial contracts across all industries and transaction types — translating complex legal requirements into clear, enforceable agreements that work in the real world.

How we can help

Drafting of commercial contracts from scratch or based on your instructions

Review and red-lining of contracts prepared by the other side

Negotiation of contract terms on your behalf

Supply and distribution agreements

Service agreements and consultancy contracts

Non-disclosure and confidentiality agreements

The Process

How we handle your commercial contract.

From instructions to executed agreement.

01

Understanding the Transaction

We begin by understanding what the commercial deal is, what each party needs, and where the main risks lie.

02

Drafting or Review

We draft the contract from scratch or review and red-line the other side's draft — addressing every clause that needs attention.

03

Negotiation

We negotiate with the other side on disputed terms — always with your commercial objectives in mind.

04

Execution

We manage the execution of the final contract and advise on any ongoing obligations or monitoring requirements.

Key Considerations

What every commercial contract should address.

Payment & Invoicing Terms

Payment terms, invoicing requirements, and consequences for late payment should be clearly defined. Ambiguity in payment terms is one of the most common sources of commercial disputes.

Termination Rights

Every contract should clearly define when and how each party can terminate the relationship — including what notice is required, what happens to work in progress, and what obligations survive termination.

Liability Limitations

Limitation of liability clauses can significantly cap your exposure in the event of a dispute or claim. We ensure these clauses are appropriately drafted — limiting your risk while remaining enforceable.

Common Questions

Answers before you even ask

For any ongoing commercial relationship involving significant value, services, or risk, a written contract is strongly recommended. Verbal agreements are legally enforceable in many circumstances, but proving their terms in a dispute is difficult and expensive. A written contract eliminates ambiguity and provides a clear record of what was agreed.

Generic contract templates are often too broad, too narrow, or simply inappropriate for your specific transaction. They may also be based on the law of another jurisdiction. We recommend having any template reviewed by a lawyer before use, and in many cases it is more cost-effective to have a contract drafted from scratch than to adapt a template that does not fit your circumstances.

Your options depend on the nature of the breach and the specific terms of the contract. They may include termination of the contract, recovery of damages, specific performance, or injunctive relief. We assess your position, advise on the most appropriate response, and take action on your behalf.

Ready to Begin?

Let's make sure you
know exactly what
you're getting into.

Book a confidential consultation with our team. No pressure, no legal jargon — just a clear conversation about your matter and how we can help.

(07) 3523 3311 info@lkwilliam.com.au
Suite 2GC, Level 2, 199 George Street, Brisbane City QLD 4000