International Transaction ( Negotiation that takes place between…
Negotiation that takes place between natural and legal persons
International acceptance documents.
⦁ Certificate of inspection
⦁ Commercial invoice
single document in which the rights and obligations of the exporter and importer are recognized
The actions and rights
price reduction, for the buyer.
Specification of the goods, for the seller
rectification of any lack of conformity, for the seller
Conflict resolution. Mechanisms and alternatives
Courts of justice
The two most used formulas
alternative dispute resolution system to the courts of justice, established by Arbitration Courts that depend on various agencies (Chambers of Commerce mainly) or by individual arbitrators chosen by the parties, culminating in a resolution called award, which has equal legal value and enforceability than a sentence issued by a court of law.
Courts of justice
Types of contracts.
Buy and sell
printed text with the general conditions of sale
contract, whether oral or written, submitted for consideration, whereby a person allows the distribution of goods or services under their trademark
most frequent collaboration agreement between entrepreneurs from different countries.
It helps a person or organization to access and use new supplies, equipment or processes
Applicable Law and Jurisdiction
The INTERNATIONAL SALE PURCHASE CONTRACT is the main legal framework for international trade operations.
Stages in contract negotiation
3 more items...
Obligations of the parties to a contract
Delivery of the goods
Obligation of the seller to deliver the goods royalty-free
⦁ Transmit ownership of the goods.
Obligations of the buyer
⦁ Pay the price and receive the goods
Examine the merchandise and communicate, where appropriate, its lack of conformity.
⦁ The costs for those affected amount to thousands and must be paid by the exporter
⦁ The cost of interest must be paid as a result of late payment
Loss of credit insurance coverage.
⦁ Cargo manifest