Commercial and Contract

14 October 2023by info@acon.az

Our commercial lawyers are here to guide your business in Azerbaijan.

At ACON Consulting, we stand out as the foremost legal experts in Azerbaijan. Our dedicated team of legal professionals is committed to delivering comprehensive, multilingual contract negotiation, commercial and contract services. We specialize in servicing a wide array of industries, with a particular focus on international and cross-border contracts.

The New Landscape of Azerbaijan’s Economy

In the wake of Azerbaijan’s post-oil policy, the country has entered a new era in its economic landscape. This transformation has brought forth fresh challenges and opportunities. Today, Azerbaijan is characterized by its attractiveness to foreign investment. With the increasingly diversified international commercial environment, there is a pressing demand for heightened transactional skills and negotiations when entering into business deals, commercial operations, or any type of business contract.

Commercial and Contract Law in Azerbaijan

The legal system in Azerbaijan draws its roots from the continental law system inherited from the Soviet Union.  Azerbaijan’s court system is not based on precedents established by the Constitutional Court, which carry legal weight. Additionally, in contrast to common law, consideration is not a compulsory element in Azerbaijani contract law.

Each contract, especially commercial deals, must adhere to the Civil Code of the Republic of Azerbaijan, which mandates rules and provisions for both general contracts and specific contract types.

Our Expertise in Contract Law

Our team of contract lawyers at ACON boasts substantial experience in contract law drafting in Azerbaijan. They possess international education and practical know-how and are adept at dealing with local parties, state authorities, and courts. Furthermore, our lawyers have extensive experience:

  • across various industry contracts, including those in construction, hospitality, company management,
  • import and export, trade agreements, INCOTERMS, loan and credit agreements,
  • investment and joint venture agreements, shareholder agreements,
  • IT and technology, IP licensing agreements, and various manufacturing industry contracts.
Navigating Joint Ventures in Azerbaijan

International businesses seeking to engage in joint venture agreements in Azerbaijan or other collaborative business endeavors must seek consultancy before embarking on negotiations. Joint venture projects involving foreign parties often pose challenges due to a lack of familiarity with local regulations, miscalculation of costs, and a dearth of professional support. Parties have the flexibility to make contributions in kind or in cash, transfer funds to and from Azerbaijan, determine profit distribution, and manage the joint venture through the joint venture agreement.

Our Comprehensive Contract Law Services

Our contract lawyers are well-versed in all facets of international business transactions and commercial operations. This includes:

  • advising on, negotiating, and drafting letters of intent,
  • confidentiality and non-disclosure agreements, joint venture and consortium agreements,
  • shareholder agreements, share transfer agreements, international sale of goods, international services,
  • BOT agreements, partnering arrangements, distribution, agency and sales representative agreements,
  • technology transfer and licensing agreements, and representation of buyers in foreign business acquisitions.

We also provide services related to letters of credit, trade finance and banking documentation, export and import agreements, contract drafting in various industries, and demand-based legal services. Our team excels at supporting businesses in tenders and ensuring our client’s interests are safeguarded in tender procedures, both domestically and internationally. We are also well-equipped to assist with in-company procurements for tendering and contracting purposes.

Legal Audit: Uncovering Legal and Contractual Risks

Our legal audit services go beyond standard compliance checks. We conduct a thorough investigation to detect breaches of the law, company rules, and potential contract law risks. This includes scrutinizing currently used agreement forms within a company and assessing how well the company’s structures and employees align with its rules.

In Conclusion

At ACON Consulting, we are the leading law firm in Azerbaijan, dedicated to delivering unparalleled legal services. Our team of experienced lawyers is well-prepared to assist you with a wide array of legal needs, from contract law to legal audits, ensuring that your business interests are protected and your legal affairs are in order. Trust ACON Consulting for all your legal requirements in Azerbaijan.

ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.

AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
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ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.
AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
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