Contracts in the finance and banking sector

Service introduction

In the field of finance and banking, contracts play an important role in establishing, adjusting and protecting the interests of the parties involved in the transaction. Common contracts include credit contracts, guarantee contracts, L/C opening contracts, mortgage contracts, financial service contracts, and cooperation agreements between banks and partners or customers.

DEDICA Law Firm provides consulting services, drafting and reviewing contracts in the finance and banking sector, helping businesses, investors and individuals limit legal risks, optimize benefits and comply with current legal regulations.

Why do we need lawyers to advise on financial and banking contracts?

• Minimize legal risks: Financial contracts are often complex, involving many technical terms, interest rates, security obligations, and payment conditions. Lawyers will help review and remove unfavorable terms and ensure the contract complies with the provisions of the Law on Credit Institutions, the Civil Code, the Law on Enterprises and specialized documents.
• Protecting the interests of the parties: Lawyers assist in negotiating terms on the rights and obligations of the parties, handling late payment situations, contract violations, and arising disputes.
• Save time and costs: Using contract consulting services helps businesses limit errors that lead to disputes and avoid costly lawsuits.

Common types of contracts in the finance and banking sector

• Credit contract: Agreement between bank and customer regarding loan, interest rate, and repayment period.
• Guarantee contract: The bank's commitment to guarantee the customer's payment obligations to a third party.
• L/C opening contract (letter of credit): Serving import-export activities and international payments.
• Pledge and mortgage contracts: Guarantee the loan, limit risks for credit institutions.
• Financial service contracts: Including investment consulting contracts, payment services, and asset management.

Services of DEDICA Law Firm

• Legal advice before signing a contract: Analyze risks, propose plans to protect rights.
• Drafting contracts: Drafting contracts according to specific requirements, ensuring all necessary terms.
• Review and edit contracts: Check legality, remove potentially risky clauses.
• Negotiation support: Representing customers to participate in negotiating contract terms with banks and partners.
• Resolving contract disputes: Consulting on strategies for handling disputes by negotiation, conciliation or lawsuits in court or arbitration.

Contract Implementation Process in the field of Finance - Banking at DEDICA

Step 1. Receive customer information & requests

In the early stages, DEDICA works directly with customers to collect information and determine the scope of the contract, including:

• Type of contract that needs consulting;
• Specific information about parties: credit institutions, businesses, investors, or individuals with foreign elements;
• Contract objective: capital mobilization, project guarantee, investment, sponsorship, or financial cooperation;
• Related documents: legal documents, draft contracts, principle agreements, financial documents, collateral (if any).

DEDICA is committed to receiving and absolutely securing information, while determining the scope of services appropriate to the customer's financial goals and legal risks.

Step 2. Analyze, evaluate & quote legal services

After receiving the file, DEDICA's lawyers will:

• Analyze the regulatory legal framework;
• Assess potential legal and financial risks;
• Proposing appropriate treatment plans and consulting directions, helping customers optimize benefits while still ensuring compliance with Vietnamese law and regulations of the State Bank of Vietnam.
• Detailed legal service quote, including:
  • Scope of work (drafting, reviewing, consulting, negotiating);
  • Implementation time;
  • All-inclusive costs, commitment to transparency – no additional fees.

Step 3. Draft/Review the financial-banking contract

After the customer confirms the service, DEDICA carries out the main work — drafting or reviewing the contract, ensuring the content is tight, feasible and in accordance with legal regulations.

(a) Drafting the contract

• Build clear and tight contracts;
• Customize for each specific transaction, for example: financial investment cooperation contract, project financing contract, etc.
• Bilingual drafting (Vietnamese - English / Vietnamese - Chinese) if the contract has foreign elements.

(b) Review existing contracts

Once the customer has a draft from the bank or financial partner, DEDICA will:

• Review all terms in detail, detect legal risks and potential obligations;
• Provide in-depth review and edit suggestions;
• Explain the legal impact of each provision, especially provisions on fines, termination, handling of collateral, and dispute resolution;
• Propose negotiation options to ensure customers' interests while still maintaining cooperative relationships with banks/financial partners.

Step 4. Hand over results & Support negotiation and signing

After completing the contract, DEDICA will:

• Handover of complete contract, including:
  • Vietnamese or bilingual version (Vietnamese - English / Vietnamese - Chinese);
  • Electronic file (Word, PDF) or printed copy (if confirmation is needed).
• Explain important terms in detail, helping customers clearly understand their obligations and rights in financial - banking transactions;
• Support in negotiating and signing contracts;
• Post-contract consultation (if any).

DEDICA always accompanies customers from contract preparation to transaction completion, helping all financial and banking activities comply with the law, safe and effective.