Drafting & Vetting of Legal Agreements
Drafting and review of commercial agreements to protect your rights, allocate risk and clearly record the parties' deal, with negotiation support.
- Estimate Cost
- ₹3,000 – ₹50,000
- Typical duration
- 7 days
Service overview
Legal drafting and review across corporate, employment, commercial and financing arrangements, so that the agreement records what the parties actually agreed.
Who needs it? / When is it needed?
Businesses entering into a new agreement or reviewing a contract received from the other side.
Review is most valuable before signing, rather than after a dispute has arisen.
What to expect from the WCP Professionals
WCP professionals would understand the commercial deal, identify the provisions that actually matter, negotiate risk allocation and ensure that the contract says what the parties intend.
How the work would proceed:
- WCP professionals would first confirm the commercial bargain, responsibilities, payment terms, termination rights and what each side expects if something goes wrong
- They would review the other party's draft or prepare a new document, mark provisions that shift unusual risk, and explain negotiation points in a short issue list
- The final version should match the agreed deal, contain consistent definitions and schedules, and be checked for stamp duty or registration requirements where relevant
Key deliverables
- Draft agreement
- Redline
- Issue list
- Negotiation comments
- Execution-ready version
Standard turnaround time
- Simple contract: 2–5 working days.
- Complex transaction document: 5–15 working days or longer.
Timing depends on receiving clear commercial terms and approval authority.
Government fees, timelines & key outcomes
No government fee for drafting or vetting.
- Stamp duty is payable on most agreements and is set State by State under the Indian Stamp Act and State stamp laws — it is paid by e-stamp or franking before or at signing
- Registration fees apply only where registration is required, such as certain leases and property documents
Key outcomes: an execution-ready agreement that records the deal accurately and is properly stamped.
Forms & filings involved
Usually none, unless the transaction requires a linked MCA, RBI, SEBI or registration filing.
Documents required
- Commercial term sheet
- Previous draft
- Business instructions
- Relevant supporting documents
What we need from you
Clear commercial terms, your desired risk position and the approval authority.
Important conditions
The document should be negotiated against the actual transaction, not treated as a generic template.
Additional information
Stamp duty should be checked before execution: it is State-specific, and an unstamped or under-stamped agreement cannot be admitted in evidence until the duty and penalty are paid.
The service covers corporate, employment, commercial, services, supply, distribution and financing agreements.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What is the difference between drafting and vetting an agreement?
Drafting prepares the agreement from your commercial terms; vetting reviews a draft received from the other side, marks risks and proposes changes in a redline.
How long does contract drafting take?
A simple contract usually takes 2–5 working days; a complex transaction document can take 5–15 working days or longer, depending on negotiation.
Do agreements need stamp duty?
Most do. Stamp duty is State-specific and must be paid before or at signing; an under-stamped agreement is not admissible in evidence until the deficit and penalty are paid.
Can I use a template instead of a drafted agreement?
A template rarely reflects the actual deal. Payment terms, liability caps, termination and dispute clauses should be negotiated against the real transaction.