Drafting or revising a contract
When preparing a new agreement or changing existing commercial terms.
CROSS-BORDER CONTRACT REVIEW
Before you sign,
understand the legal risks your business is taking on.
We review commercial contracts involving Korean law and cross-border transactions, identify key legal and contractual risks, and propose practical revisions where needed.
Request a Contract ReviewScope, fees and expected timing will be confirmed after reviewing the relevant materials.
Agreements we review
Supply · Services · NDAs · Distribution · Joint Development · Licensing · Cross-Border Sales · Other B2B Agreements
01 / WHEN LEGAL REVIEW MAY BE NEEDED
Contract review may be particularly useful
in the following situations.
Entering into a major business contract
Before signing a supply, service, distribution, development, licensing or non-disclosure agreement.
One-sided or excessive terms
When the other party’s draft appears to impose disproportionate obligations or liability.
Payment, delivery, inspection and warranty terms
When key performance obligations and the allocation of risk need to be clarified.
Preparing important business documents
When reviewing settlement agreements, confirmations, memoranda or similar documents with legal effect.
AI- or internally drafted contracts
Before using a draft prepared internally or generated with AI as a binding business contract.
02 / WHAT WE REVIEW
A single clause can create significant liability. We review the contract in the context of the entire transaction.
The review considers the nature of the transaction, the parties’ commercial positions, and the practical risk of future disputes.
Obligations & Liability
- Contractual obligations
- Damages and limitation of liability
- Liquidated damages and penalties
- Inspection, defect and warranty liability
Commercial Terms & Rights
- Payment and settlement
- Termination and expiry
- Intellectual property
- Confidentiality
- Exclusivity and non-compete provisions
Dispute Risk & Resolution
- Governing law
- Court jurisdiction
- Arbitration and seat
- Dispute-resolution clauses
- Clauses disproportionately favourable to the counterparty
- Inconsistent or ambiguous wording
- Provisions likely to cause problems in a dispute
INTERNATIONAL TRANSACTIONS
Cross-Border Contract Issues
We review cross-border transaction structure and contractual risk allocation, including Korean private international law, the CISG where applicable, and the Incoterms® Rules where relevant to delivery, costs and risk allocation.
- Governing law clauses
- Court jurisdiction, arbitration, seat and dispute-resolution clauses
- Korean private international law issues
- CISG applicability
- International sale of goods
- Incoterms® 2020 Rules
- Allocation of delivery, transport and risk
- Payment and currency provisions
- Inspection and conformity of goods
- Limitation of liability
- Cross-border dispute-resolution structure
Our review may address Korean law, Korean private international law, the CISG where applicable, and the Incoterms® Rules where incorporated into or otherwise relevant to the transaction. Matters requiring substantive advice on the domestic law of another jurisdiction may require review by counsel qualified in that jurisdiction.
03 / REVIEW OUTPUT
Legal review should support the next business decision.
We structure the review so that it can be used for contract revision, negotiation and internal decision-making.
Deliverables may vary depending on the agreed scope of review.
What your review may include
Subject to agreed scope01
Key Risks & Legal Issues
Identify important contractual risks and legal issues clause by clause.
02
Recommended Revisions & Alternative Wording
Where appropriate, propose revisions, deletions or alternative wording.
03
Negotiation & Internal Decision Points
Summarise key points that may assist negotiations and internal reporting.
04 / PROCESS
From initial inquiry to review results,
we define the scope before proceeding.
- 01
Inquiry
Let us know the type of contract, the review required and the desired timing.
- 02
Contract & Relevant Materials
We will separately advise you on how to provide relevant documents after your inquiry.
- 03
Scope, Fee & Timing
We confirm the scope of work, fee and expected schedule before commencing the review.
- 04
Legal Review
We provide the agreed legal review and recommended revisions.
05 / FEES
We confirm the scope, fee and expected schedule before commencing the review.
Fees may vary depending on the length and language of the contract, transaction structure, complexity and urgency.
Length & LanguageTransaction Structure & ComplexityRequested Timing & Urgency
06 / GEUMCHEON LAW OFFICE
Legal review for business transactions and disputes.
Based in Seoul, Geumcheon Law Office provides legal advice in English on Korean law and selected cross-border contract issues, including Korean private international law, the CISG and the Incoterms® Rules where applicable.
Advice involving foreign substantive law may require review by counsel qualified in the relevant jurisdiction.
Korean-qualified attorney
Joonhak AhnAttorney at Law (Republic of Korea)
- Commercial contracts and business disputes
- Contract review and revision
- Corporate legal advisory
- Receivables and damages claims
- Cross-border contracts and international transactions
- Korean-law advice for foreign companies and international businesses
CONTRACT REVIEW INQUIRIES
Before you sign,
understand the legal and commercial risks.
Tell us the type of contract and the issues you would like reviewed. We will advise you on the appropriate review scope and process.
Discuss your contract review
Request a Contract Review Telephone02-807-2156Please do not send sensitive personal information, account information or the full contract document in the initial inquiry. We will separately advise you on how to provide relevant materials.
The button opens your email app with an editable inquiry template.