International Contract Process
Managing an international contract requires a higher level of diligence than domestic agreements due to the complexities of crossing jurisdictions, varying legal systems, and fluctuating currencies. The process is generally divided into four major phases: Pre-contractual, Drafting, Execution, and Post-signature Management. 1. Pre-Contractual Phase: Strategy & Risk Mapping Before a single word is drafted, you must establish the "legal architecture" of the deal. Due Diligence. Feasibility & Compliance. Letter of Intent (LoI) / Memorandum of Understanding (MoU). 2. The Drafting Phase: Key International Clauses Drafting for cross-border deals requires specific "boilerplate" clauses that are often skipped in domestic contracts. Governing Law Jurisdiction & Dispute Resolution. Language Clause Currency & Payment Incoterms Force Majeure & Hardship 3. Execution: Negotiation & Signing The "Battle of Forms" Review & Approv...