Posted by: changholt | January 3, 2014

International trade 1-2-3 – Contracts for success

In international trade contracts are a necessary evil. This short seminar tries to address all the issues you want to have in an international distribution contract with a potential partner. All too often, we think of lawyers of having superior intellect or greater knowledge about a subject matter. This often intimidates us into making bad decisions. We always have to remember that lawyers who put together a contract for us, work for us. All the best lawyers I know act as “consultants”. These lawyers, the good ones, want you to tell them specifically what you want to accomplish. This is critical for many different reasons. First of all, no one knows your business better and you do. Second, this contract is a communication device with our partner to clearly write out all the details of our business relationship. The more specific we are the better a lawyer can put together a contract (Utilizing that intellect). Hopefully, After reviewing this you have a better idea of what you want in a contract so you can have your lawyer help you put it together. If you have any questions or concerns please let us know and we can help out.

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