1. Introduction

In Singapore’s fast-paced business environment, commercial contracts form the backbone of every successful enterprise. Yet, many business owners unknowingly expose themselves to legal risks by using generic contract templates or signing agreements without professional legal advice.

If you’re a business owner or entrepreneur, one misstep in your contracts could be financially and reputationally costly for your company. This is where an experienced Singapore corporate lawyer plays a crucial role.

2. Why Commercial Contracts Are Critical to Your Business

Contracts form the backbone of every business transaction, whether it’s hiring a contractor, securing a supplier, forming a joint venture, or onboarding investors. A well-drafted commercial agreement is more than just legalese; it’s your first line of defense against disputes, liabilities, and financial loss. Thus, a contract is not just a formality – it’s a strategy.

Here’s what a strategic commercial contract does:

(a) Clearly defines each party’s rights and obligations

(b) Minimises ambiguity that could lead to legal disputes

(c) Protects confidential business information and intellectual property

(d) Ensures compliance with Singaporean laws and regulations

(e) Mitigates risks with well-structured indemnity and liability clauses

3. The Risks of Relying on Self-Drafted Contracts and Generic Templates

Many startups and SMEs in Singapore rely on templates from the Internet or recycled contracts from unrelated deals to draft contracts without assistance from someone who is legally trained. While this may seem cost-effective initially, it often leads to expensive legal consequences later.

Here’s what we commonly see when businesses try to go it alone:

(a) Unenforceable terms that don’t hold up in court

(b) Unclear clauses that trigger costly disputes

(c) Omissions of critical protections like IP rights, non-compete clauses, or dispute resolution mechanisms

(d) Non-compliance with Singapore’s legal framework under Singapore legislation and regulations

4. How an Experienced Corporate Lawyer Adds Real Value

As Singapore-qualified corporate lawyers, our team at 28 Falcon Law has advised companies from early-stage startups to established enterprises on how to draft and negotiate commercial contracts that are legally sound, strategically structured, and future-proof.

Here’s how we add value:

(a) Tailored Contracts That Fit Your Business

We draft contracts that are aligned with your business model, risk appetite, and commercial goals. No two businesses are the same – your contracts shouldn’t be either.

(b) Risk Mitigation and Dispute Prevention

With a legally robust agreement, you significantly reduce the risk of future litigation. A clear contract prevents miscommunication, manages expectations, and safeguards against bad actors.

(c) Commercial Strategy Meets Legal Insight

Our contracts are not only legally binding. They are commercially sensible. We help you negotiate favourable terms while protecting your legal rights.

(d) Fast Turnaround with Clear and Actionable Legal Advice

We understand business moves quickly. Our firm provides efficient, jargon-free legal advice so you can make fast, informed decisions.

5. Contracts We Can Help You With

We regularly draft and review:

(a) Shareholder Agreements

(b) Partnership and Joint Venture Agreements

(c) Service Level Agreements (SLAs)

(d) Distribution and Supply Contracts

(e) Licensing and IP Agreements

(f) Franchise Agreements

(g) NDAs and Confidentiality Agreements

(h) Employment Contracts and ESOPs

     6. Who Can Benefit from Engaging a Corporate Lawyer?

If you’re a/an:

(a) Startup raising capital or onboarding co-founders

(b) SME entering into new supplier or distributor agreements

(c) Established business expanding via partnerships or franchises

(d) Entrepreneur seeking to license or commercialise IP

     7. Speak to Our Corporate Lawyer Today

Let 28 Falcon Law help you protect what you’ve built, so you can focus on growing your business, not fighting legal fires.

Call us now or book a consultation to speak with a Singapore corporate lawyer who understands your industry, your challenges, and your ambitions.

Waltson Tan Director +65 8079 0028 waltson.tan@28falconlaw.com

Office address: 101A Upper Cross Street #13-11, People’s Park Centre Singapore 058358