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General Business Contract for Hong Kong

General Business Contract Template for Hong Kong

A comprehensive business contract template designed for use in Hong Kong, incorporating key provisions required under Hong Kong law and common law principles. This document serves as a foundational agreement for various business relationships, incorporating essential clauses for commercial transactions while ensuring compliance with Hong Kong's legal framework. The contract includes provisions for business terms, risk allocation, dispute resolution, and standard commercial protections, structured to accommodate the needs of both local and international businesses operating within Hong Kong's jurisdiction.

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General Business Contract

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What is a General Business Contract?

This General Business Contract template is designed to facilitate commercial relationships between parties conducting business in Hong Kong. It serves as a versatile framework for various business arrangements, from service agreements to supply contracts, while ensuring compliance with Hong Kong's legal requirements and business practices. The document incorporates essential elements required under Hong Kong law, including provisions from the Contracts Ordinance and related commercial legislation. It is particularly suitable for businesses seeking to establish clear, enforceable agreements while maintaining flexibility for specific commercial terms. The template reflects Hong Kong's status as an international business center, accommodating both local and cross-border transactions while providing necessary legal protections and risk allocation mechanisms.

What sections should be included in a General Business Contract?

1. Parties: Identifies and provides full legal details of all contracting parties

2. Background: Sets out the context and purpose of the agreement

3. Definitions and Interpretation: Defines key terms and establishes interpretation rules

4. Scope of Agreement: Details the subject matter and scope of the business relationship

5. Term and Commencement: Specifies duration and effective date of the agreement

6. Rights and Obligations: Details core responsibilities and rights of each party

7. Payment Terms: Specifies pricing, payment schedules, and payment methods

8. Representations and Warranties: States the assurances and promises made by each party

9. Termination: Sets out circumstances and procedures for ending the agreement

10. Confidentiality: Establishes obligations regarding confidential information

11. Liability and Indemnification: Allocates risks and responsibilities for losses

12. Force Majeure: Addresses unforeseen circumstances preventing performance

13. Governing Law and Jurisdiction: Specifies Hong Kong law and jurisdiction details

14. General Provisions: Contains standard boilerplate clauses including notices, amendments, and assignment

What sections are optional to include in a General Business Contract?

1. Intellectual Property Rights: Required when IP is created, used, or transferred as part of the agreement

2. Data Protection: Needed when personal data processing is involved

3. Insurance: Required when specific insurance coverage needs to be maintained

4. Competition Compliance: Necessary when agreement could raise competition law concerns

5. Service Levels: Include when specific performance standards need to be maintained

6. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation

7. Change Control: Required for contracts where scope or specifications may need adjustment

8. Compliance with Laws: Detailed compliance obligations for regulated industries or activities

9. Personnel: Required when specific individuals or teams are key to performance

10. Exit Management: Needed for complex agreements requiring transition upon termination

What schedules should be included in a General Business Contract?

1. Schedule 1 - Services/Products Description: Detailed specification of services or products covered

2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of prices, rates, and payment structures

3. Schedule 3 - Service Levels and KPIs: Performance metrics and measurement criteria

4. Schedule 4 - Contact Details: Key contacts and notice details for all parties

5. Schedule 5 - Data Processing Requirements: Specific requirements for handling personal data

6. Schedule 6 - Form of Change Order: Template for documenting agreed changes

7. Appendix A - Required Insurance Coverage: Details of insurance types and coverage levels

8. Appendix B - Technical Specifications: Technical requirements and standards

9. Appendix C - Compliance Requirements: Specific regulatory or compliance obligations

10. Appendix D - Related Agreements: List and details of associated agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Document Type

Reference Letter

Cost

Free to use
Relevant legal definitions













































Clauses




































Relevant Industries

Retail

Manufacturing

Professional Services

Technology

Trading

Logistics

Financial Services

Real Estate

Construction

Healthcare

Education

Hospitality

Consumer Goods

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Commercial

Operations

Procurement

Finance

Compliance

Risk Management

Business Development

Corporate Secretarial

Contract Administration

Relevant Roles

Chief Executive Officer

Managing Director

Commercial Director

Legal Counsel

Contract Manager

Business Development Manager

Operations Manager

Procurement Manager

Company Secretary

Risk Manager

Compliance Officer

Finance Director

Project Manager

Account Manager

General Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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