In order to incorporate a company in Ireland
it is compulsory to draft
several documents which will grant the business its legal rights and obligations, as derived from those statutory documents
prescribed by the local legislation. The entire business activity is carried out under specific conditions, stipulated by a wide range of documents and contracts.
The legal contract
is one of the most common documents in commercial activities
, as it prescribes the rights and obligations of the parties involved, as well as the conditions in which these appear. As such, it is of major importance to draft a document
in accordance with the current legislation and to establish terms on which both parties can deliver their contractual obligations
; our Irish company formation specialists
can provide you with assistance in drafting and vetting documents
Drafting documents in Ireland
Drafting a document
refers to the specific provisions which have to be prescribed in a contract
. Such a document should always contain terms such as:
• terms defining the scope of the contract;
• rights and obligations;
• validity of the contract;
• force majeure;
• commercial disputes and settlements;
• applicability of law.
Our Irish company formation agents
can provide you with assistance for drafting a document
under the provisions of local legislation, by using specific and clear terminology; any type of contract
should be drafted
in a manner that is understandable to both parties and the clauses should always be verified by a legal specialist, who can testify if all the requirements of that certain documents are stipulated.
Vetting documents in Ireland
refers to the examination of the documents
, by verifying if the contract was drafted
in accordance with the applicable legislation. The clauses of the document will be verified by applying due diligence
measures on the clauses of the contract. Due diligence can refer to the legal or financial terms concerning the company, the risks and liabilities incurred by that specific contract and many other aspects, in accordance with the specific type of document.