Contract drafting and review in Georgia

A contract is concluded once the parties agree on all essential terms (Civil Code, Article 327). If the law or the parties themselves require a particular form, the contract takes effect only once that form is followed. For example, acquiring real estate requires a written contract and registration of ownership in the Public Registry.

Most problems are visible before signing: vague obligations, missing deadlines, a one-sided right to terminate, an excessive penalty or an unexpected place for resolving disputes. That is why we review a contract before you sign it.

What we check in a contract

• The parties and their authority — who signs and whether they are entitled to
• Subject, price and payment terms — precise and unambiguous
• Deadlines and what happens if they are missed
• Penalties — they must be agreed in writing, and a court reduces an excessive penalty
• Deposit — if the party who paid it breaches the contract, the deposit stays with the recipient
• Termination, force majeure and where disputes are resolved — court or arbitration

Contracts we draft most often

• Real estate sale and preliminary agreements
• Leases — flats, offices, commercial premises
• Loans and guarantees
• Services and works — renovation, construction, IT services
• Partners' agreements and share purchases
• Bilingual contracts with foreign partners