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Cross-border contracts: clauses worth reading twice
General information only, not legal advice. Reading this article does not create an attorney-client relationship.
In a contract between parties in different countries, the clauses that decide which law applies and where disputes are heard can matter as much as price and delivery.
Clauses worth reading carefully include:
- Governing law, and the courts or arbitration that will hear a dispute
- Whether an award or judgment can be enforced where the other party holds assets
- Which language version controls if the contract is signed in two
- Currency, payment terms, and who bears exchange and bank costs
- Delivery terms, and where risk passes from seller to buyer
- Limits on liability, indemnities and force majeure
- Termination, notice requirements, and who has authority to sign
Agreeing these at the outset is usually easier than resolving them later.
To discuss a specific contract, you may schedule a consultation. Scheduling a consultation does not create an attorney-client relationship.
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Business LawAttorney advertisement. This article is published by Oztek Law Firm, P.A., Fort Lauderdale, Florida, for general informational purposes only. It is not legal advice and does not address any particular person’s situation. Reading this article, or contacting the firm about it, does not create an attorney-client relationship. An attorney-client relationship with the firm begins only when the client and the firm both sign a written engagement agreement. Laws, regulations and agency practices change, sometimes quickly; this article reflects the law as of the “last reviewed” date shown above and may not reflect later developments. The outcome of any matter depends on its own facts, and no result can be predicted or guaranteed. Please do not send confidential or time-sensitive information through this website. Oztek Law Firm, P.A. advises on Florida law and United States federal law; it does not advise on Turkish law. Kirgiz Can Oztek, Esq., is responsible for the content of this article.