Fatemeh Rakideh
trainee lawyer at the Iranian Central Bar Association
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commercial and corporate contracts under Iranian law

commercial and corporate contracts under Iranian law

The commercial contract should cover, in addition to the subject matter and price, the scope of authority of the company's representatives, responsibilities, confidentiality, intellectual property, guarantees, taxes, and the mechanism for terminating the cooperation as appropriate to the transaction.

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commercial and corporate contracts under Iranian law

The commercial contract should cover, in addition to the subject matter and price, the scope of authority of the company's representatives, responsibilities, confidentiality, intellectual property, guarantees, taxes, and the mechanism for terminating the cooperation as appropriate to the transaction.

Practical point: Before signing, the latest registration status of the company and the authority of the signatory must be checked; simply using the company seal is not always sufficient to establish authority.

Important points in contract review

Point 1

Full text of the contract, Related annexes and conditions

Point 2

Date of creation of the obligation, Deadline for execution and documents of its fulfillment or non-fulfillment

Point 3

Correspondence, Messages, Statements, Payment Receipts and Delivery Documents

Point 4

Guarantees, agreed contractual penalty, Termination clause or dispute resolution clause

Legal review of documents and disputes related to commercial and corporate contracts under Iranian law

Importance of a careful contract review

In commercial and corporate contracts under Iranian law, especially in contracts between companies,, the position of the representative, right to sign and authorized signatories, limits of authority, guarantees and contractual liability of the company must be examined.

Related topics

partnership and investment agreement under Iranian law

Contribution, Management, Profit and loss, Reporting, Guarantee and exit mechanism.

Arbitration and dispute resolution in contracts

The validity of the arbitration clause>, The arbitrator's authority and the selection of the appropriate mechanism for resolving contractual disputes.

interpretation of disputed contract terms under Iranian law

Analysis of ambiguous clauses, The relationship of terms and identifying the legal effects of contract terms.

  • Iranian Civil Code («قانون مدنی»)

  • Iranian Commercial Code («قانون تجارت»)

  • Bill amending part of Iranian Commercial Code («قانون تجارت»)

This list, shows the main provisions related to the subject of the page. The governing law and subsequent amendments must be adapted to the time of occurrence, of the subject and the situation of each case.

The official text and latest amendments of the laws are available at National Information Database of Laws and Regulations of the Country is available to view.

Frequently asked questions

The latest registration notices, Articles of Association, Approvalsboard of directors or the assembly and authorized signatories must be checked. The mere seal or job title is not always sufficient to establish authority.
The identity and registration status of the companies, Authority of the representatives, Subject matter and amount, Responsibilities, Taxes, Confidentiality, Intellectual property, Guarantees and the method of dispute resolution are important points.
The effect of the signature depends on the scope of authority, the way the representative is introduced, the company documents and the subsequent conduct of the company. For a definitive conclusion, the registration documents and the contract must be examined together.

Methods of contact

Contact us for advice and follow-up of the case through the following ways

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