contracts and agreements for export
anant karnani
(Querist) 18 May 2009
This query is : Resolved
Hi friends,
I want to know how to draft a contract/agreement for foriegn trade.
Please help.
Regards,
Anant
Suhail suhail
(Expert) 18 May 2009
I agree with Mr.R.Sivassubramanian.The contracts are governed by agreements and it depends upon the nature of contractviz Building/ construction contracts,supply contracts, franchisee etc,what ever be the case the important factors involved and to be kept in mind are;
1.The nature and scope of contract.
2.The definitions of terms used in contract.
3.The period of contract.
Then the consequences as to default or breach in contract by either party;
4.Quantum of Damages.
5.Jurisdiction of courts in proceedings arising out of contract.Mode of payments.
6.The liablty and risk factors,involved
7.The mode of settlement of disputes arising thereof in or after the completion of contracts.
i think to my little knowledge these factors are to be expressly placed in a contract.However the details of the nature of contract are not given by Mr.Anant which would had made me to place more specific reply.
with Regards to Lawyers club.
Bilal Advocate.
