Professional Documents
Culture Documents
Week 1
Introduction Course Outline Practice
8. Trade is often based on the general conditions of sales or purchase => often lead to conflict
9. The safest basis for an export agreement is NEGOTIATED WRITTEN COTRACT.
2.FAMILIES OF LAW
1. Four families: Continental, AngloAmerican, Socialist and Religious 2. Main difference between Continental and Anglo-American Law is degree of codification: Continental Law fully codified, Anglo-American Law relies on precedents 3. Anglo-American Law, esp. private law largely case-law
3. WHICH LAW
1. Every contract is governed by an applicable law 2. If parties do not agree an applicable law, the arbitrator decides on one by considering the place of execution, language, currency, weights and measures 3. A clear, detailed and fair contract greatly reduces the possible impact of applicable law.
4. Cont. - Example
REFER TO HANDOUT
MAIN CLAUSE
E.G.: The stimulated prices are fixed, and they are to be understood delivered paid to the place of destination
5. Clause Patterns
2.
MAIN CLAUSE
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SUB. CLAUSE
E.G.: The Employer has the right to terminate this contract if construction work is not carried out in accordance with local by-law
MAIN CLAUSE
E.G.: If construction work is not carried out in accordance with local by-law then the Employer has the right to terminate this contract.
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E.G.: The delivery time has been adhered to if the consignment is ready for dispatch ex works within the agreed period and if notice to this effect is sent to the purchaser.
MAIN CLAUSE
SUB. CLAUSE
E.G.: Where the contract provides for deliveries in lots or installments, penalties for late delivery shall be calculated on the basis of the value of each lot or installment, provided that the late delivery does not impede the general performance of the contract.
SAMPLE CONTRACT
REFER TO HANDOUT