The Quick Guide to Creating and Reviewing International Business Contracts is available from ContractWorks, here.
Managing a contract portfolio has always required diligent oversight and a keen attention to detail. But, now that contracts are becoming longer, more complicated agreements, and there is an increase in contracting at the international level, contract management must entail a well planned, highly strategic approach.
When it comes to drafting and negotiating contracts, this can be pretty difficult in the domestic realm, so engaging in these activities on an international scale can add some additional complexities. Although there are some international business standards and norms, there are not really binding laws or governing bodies to enforce the rules. So it is crucial that your legal team has a depth of knowledge when it comes to the language of your agreements, because while parties may agree to submit to international arbitration, ultimate recourse will really depend on the language of the contract.
For larger companies, engaging in international contracting is quite common and handling an international contract portfolio is relatively routine, as they usually have the resources and manpower needed. For smaller organizations, however, technology has enabled international contracting, but managing it can be a bit trickier.
We’ve created this guide to help legal teams navigate the complex world of international business contracts. The guide reviews:
- Key topics/terms used in international contract management
- What to consider when specific topics/terms are included in an agreement
- Why it's critical to understand the specific topics/terms included in this guide
We encourage you and your team to use this resource as a point of reference when drafting and reviewing international contacts
To download your free guide, click here.