Conducting Counterparty Authorization
The “First Legal” Law Firm has been providing legal services since 2008.
One of our Firm’s principal practice areas in terms of volume is contract work, specifically (but not limited to):
- Drafting agreements of varying complexity, including foreign economic contracts;
- Carrying out legal analysis of agreements and/or making amendments to them;
- Complying with procedures for early termination of agreements, etc.
Given the “First Legal” Law Firm’s many years of experience in contract law, our specialists have solid grounds to recommend that a party to a contract (foreign economic contract) conduct an in-depth analysis of a business partner’s reliability and solvency prior to concluding such contract (foreign economic contract).
Conducting this analysis (authorizing the prospective counterparty) can help the client avoid future losses and/or expenses, such as the customer’s (buyer’s) failure (or delay) in meeting payment obligations for the supplied goods (works or services), or the delayed or complete failure to deliver goods (services or works). Unfortunately, today’s world is not devoid of dishonest economic entities whose aim in registering their business is to deceive their counterparties.
The specialists at the “First Legal” Law Firm employ a variety of tools to analyze the reliability of a prospective business partner, whether they are a resident or a non-resident of Ukraine. Our experts provide a comprehensive legal conclusion regarding that counterparty’s legal status as well as its ability to fulfill contractual obligations. Among other things, our specialists verify the authority of the authorized individual to sign the contract (and other documents). They also check whether the client’s prospective business partner is involved in any litigation, whether there is an enforcement proceeding against them, or whether criminal proceedings have been initiated against its director, etc.
Furthermore, our Firm’s specialists recommend that business entities carry out legal analyses of the contract’s subject matter (foreign economic contract) depending on its specific nature. For example, if a contract for the purchase and sale of real estate is to be concluded in Ukraine, it is extremely important to verify that there are no prohibitions or restrictions on the owner’s right to sell such property and to identify any barriers to using the purchased property as intended by the buyer, among other factors.
We guarantee that our specialists have sufficient experience and expertise to conduct a legal analysis of the contract’s subject matter (foreign economic contract), depending on its nature.
Therefore, seeking legal assistance from the “First Legal” Law Firm is undoubtedly an advantage for the client, given our many years of experience in providing legal services. This experience allows us to quickly and effectively provide services of any complexity, including counterparty authorization and/or legal analysis of the subject matter of a foreign economic contract.
