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Matters needing attention when signing a foreign trade contract

Views:0     Author:Site Editor     Publish Time: 2016-07-16      Origin:Site Inquire

For companies, signing a contract is the basis of cooperation and the beginning of cooperation, so a proper formal contract is very important.
Drafting:Generally speaking, the drafting party has an active advantage. The negotiated terms should be expressed in words. In many cases, if the words are slightly different, they will be very different. Moreover, due to differences in language and culture, it is difficult for the passive party to find disadvantages for themselves. Even if you can't take the initiative, you can draft together. If you let the other party draft, it will be a very disadvantageous position for us.
Confirm bothSigning eligibilityYou can often see some movies. After signing some contracts in the novel, it is found that the parties do not have certain conditions, which leads to the contract having no legal benefits, and it pays a huge price for this. Before signing a contract, you must first understand the other party’s legal identity and scope of authority to ensure the legality and validity of the contract.
Clarify the obligations and breach responsibilities of both parties:Signing a contract is not the end of cooperation. It is particularly important for the next cooperation to clarify the obligations and responsibilities of both parties. If the corresponding clauses are not clearly written, it may lead to the escalation of responsibilities between each other in the following cooperation, and the continuous disputes, which will cause great scourge.

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