Legal issues across international borders are tough to deal with. Get sample contracts and advice on what to watch out for.
Legal issues are especially a challenge in export business as the law is very difficult to enforce across boundaries. For this reason extra attention should be given to:
- well drafted contracts. The International Chamber of Commerce (ICC) provides very good sample contracts customized to multiple export relation scenarios. #hyperlink.
- Creditworthiness checking of clients before entering into a business relation. Dun & Bradstreet offers credit worthiness checking for companies in most countries.
- Fraud and scam monitoring. Keeping track of any reporting of the same on websites such as https://www.scamwatch.gov.au
The US Department of Commerce’s Basic Guide to Exporting and IE Singapore’s Export Guide give extensive attention to legal matters related to export including intellectual property, dispute settlement, arbitration etc.