Display of conditions related to force majeure

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A very important point that can give the foreign partner the opportunity to write off their bad faith and dishonesty in conducting business as force majeure. Therefore, take this point very seriously, and pay special attention to the description of ways to overcome unfavorable circumstances, and not to their details as such.

Procedure for conducting and event planner email list resolving disputes

Most possible disagreements can be resolved without going to court. All you need to do is carefully formulate all the details, decide in advance what exactly will be considered as evidence, the timeframes for filing and considering complaints, etc.

Warranty obligations under the contract

If a company does business with a foreign counterparty and at some point the deadlines for the arrival of goods or foreign currency into the country are missed, the company is fined. Add to this loss its own losses associated with late payments by the business partner.

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Therefore, include clauses in the contract that will guarantee its implementation:

Provision of collateral. This can be any real estate, securities of which you are registered as the owner, or current assets.

Guarantees provided by a bank or the state. They give foreign partners confidence that the cost of goods, services or work will be compensated in the event of unforeseen disruptions in business.

All kinds of letters of credit. The seller must have a clear idea of ​​the conditions for receiving money for the delivered products and an understanding that payments will not be made until the bank receives the package of documents established by Russian legislation.

Availability of serious guarantors.

Advance payment. When it comes to import deliveries, advance payments received by the foreign counterparty must be returned in full if the business relationship is terminated for any reason.

Receiving a deposit. In the case of export deliveries, the deposit remains with the seller if the buyer changes his mind about concluding the deal.

A clause on the payment of penalties (offset, fine, alternative or exceptional) must also be included in the text of the agreement.

A domestic company that owns goods may enter into an insurance contract for risks associated with unexpected full or partial loss of products due to their destruction or damage. For example, in the event of a supply failure, such a contract will provide protection against both business and civil liability risks. You will be able to issue an invoice to the foreign counterparty for the damage incurred, and they will be obliged to pay you the insurance.