Blog - Just Cooperate - October 2023

Below you will find some useful information on how to negotiate contracts concluded with a foreign business partner.

The purpose of the NDA is to secure the confidential nature of information that is provided to the other party in connection with the commencement of negotiations, determining the terms of possible cooperation between the parties, the concluded contract, cooperation or employment.

The standard practice is to start reading each document from the beginning. In the case of B2B contracts concluded with a foreign contractor, it is worth reversing this order.

Before formalizing cooperation, future contractors often decide to sign a document in which they summarize the agreed purpose and further planned steps. This document is the letter of intent. What is its role?

Contractual penalties in international contracts – is it worth introducing them to the contract?