26 January In How to Export by basbijl
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.