Any transaction in Thailand should be оформлен in a written contract, signed by the parties and two witnesses — except in cases where the law requires a specific form (for example, real estate sale and purchase must be registered with the Land Department).
A properly drafted contract:
- ensures that the parties fulfill their obligations;
- protects the interests of both parties;
- helps avoid misunderstandings during the execution of the transaction;
- significantly reduces the risk of litigation and related costs.
When drafting a contract, it is important to:
- clearly define the subject of the transaction, price, and payment terms;
- precisely outline the rights and obligations of the parties;
- provide for liability in case of breach;
- take into account the provisions of Thailand’s Civil and Commercial Code.
We:
- select the appropriate type and form of contract;
- analyze the tax obligations of the parties;
- assess risks and consequences of breaches;
- draft documents compliant with the Thai Unfair Contract Terms Act, ensuring balanced protection for both parties.
InvestEast offers a full range of services for drafting and reviewing contracts in Thailand:
- real estate sale and purchase agreements;
- lease agreements (short- and long-term);
- assignment agreements;
- off-plan property purchase agreements;
- property management agreements;
- construction contracts;
- sale and purchase agreements for movable property (cars, motorcycles, equipment, furniture, etc.);
- share purchase agreements of Thai companies;
- international supply agreements;
- loan agreements;
- partnership agreements;
- service agreements;
- cooperation agreements;
- employment contracts;
- gift agreements;
- standard contracts for corporate clients.
The InvestEast team will provide консультацию on the preparation and signing of all types of contracts, draft the document, and assist with negotiations and legal support of the transaction.
For all inquiries, please contact: +66 65 665 1970.