How can I legally secure my international contracts?
September 23, 2023 | 50,00 EUR | answered by Alexander Voigt
Dear International Law Attorney,
My name is Valentina Knorr and I am the managing director of a medium-sized company that operates internationally. Lately, I have been experiencing increasing problems with the legal structure of my international contracts. Often, I feel unsure if I have considered all relevant aspects and if my contracts are legally secure.
The current situation is as follows: My company has business partners and customers in various countries around the world. We regularly enter into contracts for deliveries, services, and collaborations. As the managing director, it is important to me that the contracts are legally secure and all relevant legal aspects are taken into account.
However, the current status quo is that I am unsure if my contracts contain all necessary legal provisions and if they would hold up in case of a dispute in court. I am worried that my company could face legal problems due to poorly structured contracts and suffer financial losses as a result.
Therefore, my question to you as an expert in International Law: How can I ensure that my international contracts are legally secure? What aspects must I absolutely consider and what legal pitfalls should I avoid? Are there specific formulations or clauses that are particularly important in international contracts? And how can I ensure that my contracts are in line with the laws of the countries in which my company operates?
I look forward to your expert advice and thank you in advance for your support.
Sincerely,
Valentina Knorr
Dear Mrs. Knorr,
Thank you for your inquiry and your trust in my expertise as a lawyer specializing in International Law. It is understandable that as the managing director of an internationally operating company, you are concerned about whether your contracts are legally sound and take into account all relevant aspects. Indeed, the legal drafting of international contracts is a complex matter that requires careful consideration.
To ensure the legality of your international contracts, there are some important aspects that you should definitely consider. Firstly, it is crucial to take into account the applicable legal regulations in the respective countries where your company operates. This means that you should familiarize yourself with international contract law to ensure that your contracts comply with the respective laws.
Another important point is the clear and precise formulation of the contract terms. It is advisable to document all agreements in writing and avoid making oral agreements. Furthermore, the contracts should include all relevant details such as delivery terms, payment modalities, warranties, limitations of liability, and dispute resolution clauses.
In international contracts, it is also important to include specific clauses that address the peculiarities of international trade. These may include clauses on choice of law, jurisdiction agreement, arbitration clause, or dispute resolution.
To ensure that your contracts are legally sound, I recommend seeking advice from an experienced lawyer specializing in International Law. A professional can help you avoid legal pitfalls and ensure that your contracts include all necessary provisions.
In conclusion, I would like to emphasize that the legal drafting of international contracts is a complex matter that requires professional support. I am available to advise you in this area and assist you in the legally sound drafting of your contracts.
Best regards,
Alexander Voigt, Lawyer specializing in International Law
