International Trade Contracts have facilitated global commerce for decades; with the ongoing technological advances in society at large, the need to import and export raw materials and finished products have become centre place to most global economies. Within these contracts, there are highly defined terms that are set to determine liability at every point throughout the transaction. Ensuring that there are set methods of arbitration and jurisdictional cognizance between parties requires that parties enter into contracts that are clear and comprehensive. This article assesses international trade contracts at large in order to make recommendations for best practices for traders wishing to enter into such contracts.
Global Trade and Customs Journal