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Objectives

This Learning Unit aims at familiarizing the student with international contracts as they are used in international trade transactions.

 international,transactions,contract

 

international,transactions,contract

Learning Unit Summary

A contract is a single document, in which the rights and obligations of the exporter and the importer are stipulated. International trade practice shows that the majority of transactions are carried out without signing a contract. However, it is strongly recommended to establish an international contract of sale for international transactions. One can avoid doubts and misunderstandings concerning what has been agreed during the negotiation of terms if they are set down in writing. In certain cases a verbal agreement is legally binding, for example, when an exporter makes a sale at an international fair.

 

Course Contents

 

Introductions
Clauses
Arbitration
Examples of Contracts
international,transactions,contract


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    “Thomas Smith knows his subject very well. He articulates his thoughts in a very communicative manner through his notes for us to understand the subject very well. When you have read his notes, you don't need to look anywhere else for clarifications - very thorough and precise! Look forward to more online classes with him.” July 30, 2007

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