What is your ‘commercial toolbox’?

A commercial toolbox is a collection of essential documents and templates that businesses use to manage their commercial relationships and transactions. This includes general terms and conditions of sale, service agreements, template client contracts, cookie policies, and other legal documents. By maintaining a well-organized and up-to-date commercial toolbox, you ensure that your business operates smoothly, remains compliant with the latest legal requirements, and is prepared to handle any commercial challenges that may arise.

Why perform a Commercial Toolbox Check?

If you run a business in Belgium, you may have noticed that the legal landscape has changed significantly in recent years. Several new laws have been enacted or are about to enter into force, affecting various aspects of your business, commercial relationships and transactions. GDPR, new contract law, new corporate law, additional consumer protection, legislative changes in tort law and e-commerce, ...

These changes can create opportunities, but also challenges and risks for your business.

With so many legal changes and requirements, it is understandable that you may not have had the time or resources to review and update your commercial toolbox on a regular basis. Chances are that something might have slipped through the cracks, leaving you exposed to potential disputes, fines, or liabilities. That is why it is important to perform a regular check of your commercial toolbox and make sure it is compliant, consistent, and aligned with your business strategy.

What is a Commercial Toolbox Check?

Our Commercial Toolbox Check is a comprehensive review of your commercial legal toolbox.

Our product will provide you with a clear and practical overview of the risks and opportunities that arise from these documents, and help you optimize them to suit your business needs and goals.

How does a Commercial Toolbox Check work?

We will review your commercial toolbox to identify the key clauses, terms, and provisions that affect your business interests. We generate a concise report that highlights and summarizes the risks and opportunities that arise from these documents, and that provides you with practical suggestions and recommendations on how to optimize them.

We schedule a call with you to discuss the results of the report and answer any questions you may have. We also explain how we can help you implement the changes you want to make, after which we can provide you with a clear and transparent quote for our subsequent services.

You decide whether you want to proceed with (which part of) the update. If you do, we will prepare a mark-up of your commercial toolbox that reflects your preferences and goals, and send it to you for your approval. 

If you don't, you can keep the report and use it as a reference for your future business negotiations.

What does a Commercial Toolbox Check cost?

Our pricing for the review of your commercial toolbox is simple and transparent. We charge a flat rate of EUR 2,250 (excl. VAT) for a toolbox of up to 30 legally relevant pages. This means that we only count the pages that contain substantive legal clauses or terms, and not the ones that have only headings, signatures, irrelevant annexes, or other non-essential information. If your toolbox exceeds this limit, we will inform you before we start the review and agree on a reasonable additional fee with you. This includes an explanatory call of maximum 90 minutes with one of our legal advisers and a concise report with our findings/suggestions.

Initiating the Service 

To start a Commercial Toolbox Check, please contact your Grant Thornton adviser. A member of legal team will then reach out to proceed with the service. 

Tim Dausy
Legal Advisor | Director Tax & Legal
Tim Dausy