Name: Constantino Claudio Perez Nieto

“International Business Contracts and Language in

Trade: A Comprehensive Literature Review”
International trade, a vast and complex field, has been the subject of numerous studies and
analyses. With an emphasis on international business contracts specifically, this document
seeks to give a general overview of the numerous sources that have been consulted in the
study of international trade.

Understanding the creation and implementation of international business contracts is the

primary goal of this study. Examining the laws and rules pertaining to these contracts as well
as the paperwork used in international trade is given particular attention.

This review was conducted using official documents from international organizations,
including the World Trade Organization and the United Nations Commission on International
Trade Law. These resources offer insightful information about the rules and laws pertaining
to contracts in international trade. It is essential to comprehend how international business
contracts are created and carried out because these organizations have a significant
influence on the standards and laws governing international trade.

International Business Contracts and Legal Framework

Furthermore, references were made to a checklist for international business contracts from
Goldman, Monaghan, Thakkar, and Bettin, P.A., and a list of documents used in
international trade from B. M. (2017). These resources offer useful understanding of the
paperwork and processes involved in creating and carrying out international business
contracts.

Many contract formats, bills of lading, invoices, insurance policies, inspection certificates,
and other relevant paperwork are among these documents. Since these documents are the
foundation of every international business transaction, it is imperative that anyone involved
in trade understands them.

It is also critical to comprehend the legal framework that governs these contracts.
Understanding the different rules and guidelines set forth by international bodies like the
World Trade Organization and the United Nations Commission on International Trade Law is
part of this. A framework for conducting fair and equitable international business transactions
is provided by these laws and regulations.

The Role of Language in International Business

To comprehend the function of language in international business, a number of scholarly and
professional publications were reviewed. Tenzer, Terjesen, and Harzing's (2017) paper, for
instance, provides a thorough analysis of the function of language in global commerce. In
order to improve communication between parties involved in international business
contracts, this article emphasizes the significance of language. In a similar vein, Neeley
(2014) contends in his article that English has emerged as the standard business language
worldwide. This article demonstrates how having a strong command of the English language
can significantly improve communication and comprehension between the parties to these
contracts.
The review of the literature indicates that language is crucial to international business
contracts. It helps the parties understand one another's needs and expectations and
promotes communication between them. The international language of business in today's
globalized world is English. That being said, it is crucial to remember that, depending on the
circumstances, other languages might also be crucial.

This review has been presented in a methodical and cohesive manner, adhering to the
standards set forth for a successful literature review. It is crucial to remember that this is a
field that is always changing, and more research is required to stay up to date with the
newest advancements and trends.

To sum up, this review of the literature has shed light on a number of interesting facets of
global trade. To completely comprehend this intricate field, more research is obviously
required.

The significance of comprehending the legal framework guiding contracts for international
business has also been brought to light by this research. The laws and rules made by
institutions like the World Trade Organization and the United Nations Commission on
International Trade Law are essential in forming these agreements. Anyone creating or
carrying out international business contracts must be aware of these laws and regulations.

It has also been highlighted by this research how crucial language is to the communication
process between parties to international business contracts. Being fluent in English can help
the parties to these contracts communicate and understand one another much better. That
being said, it is crucial to remember that, depending on the circumstances, other languages
might also be crucial.

Ultimately, the significance of comprehending the different documents utilized in global trade
has been brought to light by this research. These are crucial instruments for creating and
carrying out contracts in the global business arena. Comprehending these documents can
make the process of creating and carrying out these contracts much easier.

Conclusively, this review of the literature has yielded significant insights into diverse facets of
global commerce. It is evident, nevertheless, that more study is required to properly
comprehend this intricate field.

References

United nations [United nations]. (2023, 4 marzo). United Nations Commission On

International Trade Law. united nations web. Recuperado 10 de octubre de 2023, de
https://uncitral.un.org

world trade organization. (2023, 6 enero). WTO | Documents and Resources Gateway.
Recuperado 10 de octubre de 2023, de https://www.wto.org/english/res_e/res_e.htm

B, M. (2017, 7 diciembre). List of documents used in international trade | Business. Essays,

Research Papers and Articles on Business Management.
https://www.businessmanagementideas.com/international-trade/list-of-documents-used-in-
international-trade-business/17403

Goldman, Monaghan, Thakkar & Bettin, P.A. (s. f.). Checklist for International business
contracts | Goldman, Monaghan, Thakkar & Bettin, P.A. | Cocoa, Florida. Goldman,
Monaghan, Thakkar & Bettin, P.A. | Goldman, Monaghan, Thakkar & Bettin, P.A.
https://www.hmtlaw.com/checklist-for-international-business-contracts/

Tenzer, H., Terjesen, S., & Harzing, A. (2017). Language in International Business: A review
and Agenda for Future research. Management International Review, 57(6), 815-854.
https://doi.org/10.1007/s11575-017-0319-x

Neeley, T. (2014, 1 agosto). Global business speaks English. Harvard Business Review.
https://hbr.org/2012/05/global-business-speaks-english