International contracts

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INCOTERMS RULES AND INTERNATIONAL TRADE CONTRACTS

International contracts

International contracts are the main legal instrument that companies use to limit their exposure to risks when working on the global or international market.
When a company intends to expand its products or services on the global market, international contracts become a necessity.
Model international contracts offer a solid legal basis on which the parties can establish an acceptable common agreement.

Types of International contract

  • International Sales Contracts
  • Distributorship Agreements
  • Selective Distributorship Contracts
  • Non-Disclosure Agreements
  • Turnkey Supply of an Industrial Plant Contract
  • International Transfer of Technology Contract
  • Contract for international consultancy services
  • Joint-Venture Contracts (association of companies)

INCOTERMS RULES

INCOTERMS is an abbreviation of International Commercial Terms. They are a set of rules setting out liability within international transactions.

Why are they so important?

Because they are recognised and accepted globally. They are a must for any commercial invoice and considerably reduce the risk of incurring costs due to misunderstandings between the parties.
What do these requirements cover?

Incoterms conditions cover all activities, risks and costs involved in trading goods from seller to buyer.