摘要：Firstly, ensure that you are on the correct side. Generally speaking, a contract encompasses two parties, namely Party A and Party

A contract is a legal document founded on the agreement of the contract parties. A completed and valid contract confers the rights and obligations upon each party.

The written contract is always preferred to the oral agreements whether in the continental law countries or the common law countries. Thus, drafting a good contract is far more significant than we can imagine.

Firstly, ensure that you are on the correct side. Generally speaking, a contract encompasses two parties, namely Party A and Party B. Most of the time, the entitled rights of Party A are always equivalent to the obligations of Party B. It is also a favorable perspective to assist you in making a correct judgment as to whether the articles should be formulated or not. The basic rule for reviewing a contract is whether the articles of the contract are beneficial to your party. The benefits are always determined by the business models or the economic privileges.

Secondly, you should devote more attention to the monetary aspect of a contract. Specifically, the money part refers to any article of the contracts related to money. Perhaps the money you would obtain, or the money you might lose along with the implementation of the contract or the parties’ defaults on the contract, and so forth.

Thirdly, focus on the legal article designation of a contract. For instance, we would come to the conclusion that the disputes applicable laws arising from the contract are Chinese law if you are representing the Chinese company or the Chinese parties. Another example is that if you are the sellers, in order to ensure the complete and prompt recycling of money, we can set a larger amount of money, such as 50% in the first period of contract implementation, 30% of the contract money in the middle period, and 20% of the contract money at the end of the contract implementation. Of course, you can set 100% of the money payments at the time of contract establishment if the opposite party agrees.

Allocate more time to the significant points as your priorities to avoid economic and legal risks. Please feel free to contact our legal team if you require legal services of drafting a contract. Tel: 13249462721. WeChat: lryr13246657332

来源：三斤西瓜汁