About Commercial Law
As a commercial lawyer, you have to cover a lot of ground. Today, you might be drawing up agreements for suppliers. Tomorrow, you might be dealing with a query on intellectual property. When you're wearing so many hats, sometimes the real challenge is simply knowing where to start. Whatever the challenge, Lexis+ Commercial is the only place you need to look. You'll find clear, concise practice notes that not only explain the legal principles, but include practical tips on how to apply them in real life - with direct links to the relevant legislation, case law, commentary, forms and precedents you'll need. And because an increasing number of our forms and precedents are being automated, with LexisSmart, you can draft a contract or generate a whole suite of documents just by filling in one questionnaire. Plus, you'll get regular news updates and analysis, to help you keep an eye on what's happening in the law and the market.
Contracts
Helping you deliver watertight contracts. We cover the contract lifecycle from negotiation to termination. Providing guidance and precedents to assist with all aspects of contract management.
Contract clause bank
Offering a wealth of practical drafting and negotiating checklists, precedent contract clauses and practice notes to help you confidently negotiate, draft and execute robust commercial agreements.
Supplier management
Our supplier management tools and guidance help you build resilient supply chains. Assisting with supplier selection, the procurement of goods and services, sustainability, compliance and more.
Key developments
Whether you have a broad or niche commercial practice, staying on top of ongoing developments is a challenge. Our weekly highlights and topic trackers keep you up to date with all the latest developments.
Topics We Cover
Latest Commercial News
Commercial analysis: In today’s hyperconnected world, cyber risk is no longer a peripheral concern—it’s a central business issue for the vast majority...
The Advertising Standards Authority (ASA) has published the results of a pioneering trial using artificial intelligence (AI) to monitor nearly 6,000...
Commercial analysis: Introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023), the new failure to prevent fraud (FTPF)...
This week's edition of Commercial weekly highlights includes: judgment of the Court of Appeal in Orion Shipping and Trading Ltd Llc v Great Asia...
The European Commission has published guidance on the implementation of the Regulation (EU) 2024/900 on the transparency and targeting of political...
Latest Commercial Practice Notes
IR35—the large and public client off-payroll regime—practical considerations for the fee-payerThe large and public client off-payroll regime broadly...
Managed service companies and the anti-avoidance legislationWhat are managed service companies?Many individual workers supply their services to...
Personal service companies—the key benefits and key tax considerationsA worker can provide services in a number of different ways. The most common...
IR35—the large and public client off-payroll regime—practical considerations for the end clientThe large and public client off-payroll regime broadly...
Artificial intelligence (AI) resource kitThis resource kit contains a list of the key practical guidance available across Lexis+® UK that deals with...
Latest Commercial Precedents
Board minutes—private M&A—asset purchase—exchange and completion—sellerCompany number: [insert company name][insert company name] [limited OR plc]...
Heads of terms—private M&A—share purchaseStrictly private and confidentialTo: [Insert potential seller name][Insert potential seller address]FAO:...
Side letter to consultancy agreement—company and company—pro-client[To be typed on letterhead of individual][Insert name of consultancy...
Consultancy agreement—company and company—pro-consultancyThis Agreement is made on [insert date]Parties1[Name of Company], a company incorporated in...
Consultancy agreement—company and company—pro-clientFORTHCOMING CHANGE: The Data (Use and Access) Act 2025 (DUAA 2025), which received Royal Assent...
Latest Commercial Q&As
Featured Commercial content
Fiduciary Duties
Fiduciary DutiesWho is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under...
Repudiation of contract
RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes...
If a contract’s actual date and effective date are different, is the effective date enforceable?
Agent and principal relationships with third parties
Agent and principal relationships with third partiesThis Practice Note deals with the relationships arising between principals, agents and third...
Mistake in contract law
Mistake in contract lawThis Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake,...
Do the terms ‘Schedule’, ‘Appendix’, ‘Annex’ or similar have any particular meaning in commercial contracts? What should I consider if using them?
Contracts required to be in writing
Contracts required to be in writingThis Practice Note considers the specific situations where a contract is required by law to be in writing:...
Subcontracting
SubcontractingThis Practice Note examines the following legal and practical matters in relation to entering into a subcontract or when granting...
Waiver and release
Waiver and releaseDefining waiverIn the law of contract, the term ‘waiver’ may have different meanings but is most commonly used to denote the...
Nature and types of agency
Nature and types of agencyThis Practice Note is an introduction to agency. It describes the essentials of the agency relationship between the...
Termination and expiry of contracts
Termination and expiry of contractsThis Practice Note provides an overview of contract expiry and of the different causes of termination and ways to...
Joint, several, and joint and several liability
Joint, several, and joint and several liabilityContractWhere a contract is made by two or more parties it may contain a promise or obligation made by...
What date should be put on a contract where the parties have not signed the contract contemporaneously? Is the date stated as the 'commencement date' in the contract or is it when the last of the parties signs/seals the contract?
Agreements to agree
Agreements to agreeThis Practice Note considers agreements to agree, and why an agreement to agree certain contractual terms at a future date has...
What is the significance of the words ‘warrants’ and ‘undertakes’ in a contractual obligation?
Which case law supports that an offer cannot be withdrawn after it has been accepted?
Contract variation
Contract variationThis Practice Note summarises the law, guidance and practice relating to the variation of contracts and deeds. It explains how a...
Electronic signatures
Electronic signaturesAn electronic signature is the electronic equivalent of a handwritten signature and links a person to the contents of an...
Associated legal terms
Carbon Reporting (contracts definition)
means reporting of Greenhouse Gas emissions in rounded tonnes of carbon dioxide or Carbon Dioxide Equivalent (CO2(e)) to the [authority'>competent authority] on an annual basis in accordance with the requirements of Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/EC of the European Parliament and of the Council, including verification of reports in accordance with Regulation (EU) No 600/2012 of 21 June 2012 on the verification of greenhouse gas emission reports and tonne-kilometre reports and the accreditation of verifiers pursuant to Directive 2003/87/EC of the European Parliament and of the Council.
Net Zero
[means a state of balance by [2050/insert other date] between all [of a party’s OR the Company’s/Parties’] sources and sinks of emissions of Greenhouse Gases (GHGs) [in each calendar year] achieved by both an overall reduction and a removal of emissions of GHGs to achieve [the goals of the Paris Agreement OR Paris Agreement Goals]]. OR means a state of balance by [2050/insert other date] between sources and sinks of Greenhouse Gas (GHG) Emissions [in each calendar year] [and for each subsequent year thereafter] achieved by both reducing GHG Emissions overall and removing GHG Emissions to achieve [the goals of the Paris Agreement OR Paris Agreement Goals]]. OR means the time when the Company [and its Affiliates] [has OR have], according to an Independent Expert appointed by [x]: (a) reduce its Scope 1, 2 and 3 Greenhouse Gas (GHG) Emissions to a level consistent with the goals of the Paris Agreement/Paris Agreement Goals; (b) fully offset its Residual Emissions by permanently removing an equivalent amount of GHGs through the use of Climate Change Mitigation Measures; and (c) adhered to the UNFCCC requirements for just transition.]
PAAS
The service provider will provide the operating system, and the database software sitting on top of it, as well as a web server. The customer will provide their own applications. The customer will, once again, be charged on the basis of resource usage. The service provider is responsible for ensuring that the operating system and other parts of the platform are correctly licensed (and the license fees, if any, will be covered by the usage charge). The customer is responsible for ensuring correct licensing for the application it chooses to use.
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