Contractual penalties in international contracts
Contractual penalties in international contracts – is it worth introducing them to the contract?
Just Cooperate is a place where we share information with entrepreneurs who runs a business focused on cooperation with a foreign business partner. We want not only to facilitate the process of concluding a B2B contract in cross-border relations, but also to give you a sense of security and understanding of the entire procedure related to it.
FOR WHOM?
Have you been copying with selling and delivering your products to foreign customers? Are you familiar with distributing products from contractors from another country? Are you interested in providing services to a foreign entity?
IF SO, JUST COOPERATE IS FOR YOU.
The information we share will be useful for distributors, manufacturers, all kinds of contractors and other countries’ service providers cooperating with foreign business partners from different economical sectors.
WE KNOW THAT:
THEREFORE:
WHY US?
We know that the first thing that comes to mind while organizing cooperation with a foreign business partner is not always a written contract. We understand it. We want to facilitate the process of formalizing cooperation with a foreign trade partner. We know that your negotiating power will not always allow you to negotiate everything you care about. We help to separate the wheat from the chaff. We know the practical problems associated with this type of cooperation. We saw them and assisted in solving many of them. We have broad experience. We work with distributors, manufacturers, contractors and entrepreneurs from different kinds of industries. We helped clients establish cooperation, with a foreign business partner, in a safe legal framework.
WHAT DO WE OFFER?
We tailor our services to your needs.
As part of the Just Cooperate initiative we offer expertise in:
And if you need legal assistance in the above-mentioned areas, we are at your service.
We will do all of that.
Focus on cooperation. We will handle the legal part.
Contractual penalties in international contracts – is it worth introducing them to the contract?
The common commercial practice is to communicate only in electronic form, through the exchange of e-mails. It should be remembered that in this case a contract is also concluded in the form of a commercial custom adopted by the parties.
Economic cooperation with a foreign contractor can be formalized in several ways. Do you know them? Are any of them better than the others? Let’s see.
In practice, a significant part of the negotiations between the parties is devoted to these provisions.
The international sale of goods is very often associated with the use of Incoterms rules. What are they and why are they so helpful?
Entering into commercial relations with a foreign contractor involves risk. What is the risk in foreign trade and how to increase the security of such transactions? Read more.
Case study
You are engaged in discussions with a potential foreign partner regarding the terms of a possible economic partnership. During the negotiation process, you discover that the partnership is supposed to be governed by a straightforward agreement or purchase order and the standard General Terms and Conditions used by your business partner.
Confidentiality clause is a contractual provision on the basis of which the parties decide to accept that the information specified by them, indicated in the contract, will be confidential, and therefore cannot be freely available to third parties, under the pain of the consequences specified in the contract.
Case study