Precise definition in a contract of the rights and obligations of its parties, and even the introduction of contractual penalties or provisions that exacerbate liability, does not always guarantee proper implementation of the contract. This applies in particular to timely and complete payment for the service provided or goods delivered.
To this end, we prepare documents for our clients to secure transactions, such as:
- bills of exchange (promissory notes and blank bills of exchange);
- promissory note declarations;
- pledge agreements (and including registered pledge);
- mortgage agreements;
- agreements of surety for the debt of a counterparty by a third party.
The aforementioned can prove extremely helpful in a situation where a counterparty – by virtue of a contract – is supposed to meet (or fulfill) a monetary benefit to our client, and for various reasons delays or refuses to pay.
Depending on the type of document prepared and signed by the counterparty, it will make it easier for the Client to pursue payment through judicial (in the case of bills of exchange, pledge or mortgage) or extrajudicial (in the case of pledge or mortgage) channels, and sometimes save the Client from a situation where the counterparty does not have any assets sufficient to repay its debt (in the case of a third-party surety).
It should be emphasized that the proper preparation of documents securing transactions, in addition to knowledge and ability to apply generally applicable laws, also requires experience and the ability to anticipate and include in their content situations in which our Client or counterparty may find themselves, and which will result in the inability to obtain payment for the service or goods.
The skills indicated in the preceding sentence are precisely what characterize our team.
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