How can I protect myself from legal consequences in international contracts?
May 12, 2023 | 50,00 EUR | answered by Albrecht Zellmann
Dear International Law Attorney,
I am Robert Eiserfelder, CEO of a medium-sized company that operates internationally. Lately, we have been signing more contracts with foreign partners, which has brought us growth and new business opportunities, but has also raised some legal uncertainties.
Our contracts often include complex clauses and regulations that we do not always fully understand or whose legal implications we cannot estimate. We are concerned that unclear wording or lack of knowledge about international law could put our company at risk of legal consequences that could seriously harm us.
Therefore, I am wondering how we can best protect ourselves from such legal consequences. Are there specific measures we should take to ensure that our contracts are legally sound and protect us from unexpected problems? Are there certain clauses or agreements in international contracts that are particularly important to safeguard our company?
I would greatly appreciate your professional assessment and recommendations to make our contracts safer and legally sound in the future.
Thank you in advance for your support.
Best regards,
Robert Eiserfelder
Dear Mr. Eiserfelder,
Thank you for your inquiry regarding the legal uncertainties that your medium-sized company is experiencing in the course of its international business activities. It is understandable that complex contract clauses and regulations can be a cause for concern, especially if you do not have sufficient knowledge in the field of international law.
To protect your company from legal consequences and ensure that your contracts are legally sound, there are several measures you can take. First and foremost, it is advisable to seek professional assistance from a lawyer specializing in International Law, who is familiar with the specific requirements and risks of international contracts.
An experienced attorney can help you review contracts for potential pitfalls, clarify unclear wordings, and ensure that all legal aspects are appropriately considered. Additionally, they can assist you in anchoring certain clauses or agreements in the contracts that can protect your company from unexpected issues.
Some key clauses that are particularly important in international contracts to safeguard your company could include the jurisdiction clause, choice of law clause, arbitration clause, or liability clause. These clauses govern which jurisdiction is competent in case of disputes, which law applies, how disputes are resolved, and who is liable in case of damages.
It is also important to ensure that all contracts are clearly and unambiguously formulated to avoid misunderstandings and clearly define the rights and obligations of both contracting parties.
In conclusion, I would like to emphasize that careful contract drafting and legal advice are crucial to protect your company from legal risks. Do not hesitate to consult a specialized lawyer in International Law to make your contracts more secure and legally sound in the future.
I hope that these recommendations are helpful to you and I am available for any further questions.
Best regards,
Albrecht Zellmann
Lawyer specializing in International Law
