Got a contract with an international party? You'll want to read this

So you've managed to get yourself a deal with an international company - good for you! However, there are a few things you should be aware of before you sign.

  1. Have a look at the jurisdiction of the agreement. Is it in Australia? What happens when there is a dispute? It may seem arbitrary, but if the jurisdiction of the Agreement is outside of Australia, you may need to factor in costs of travelling to that jurisdiction in order to resolve a dispute.
  2. Is there an alternative dispute resolution clause? Does the agreement allow disputes to be settled through mediation, concilliation or arbitration? Building these functions into the agreement can save money and help to preserve the contractual relationship.
  3. Do both parties know their obligations under the agreement? If your international partner is from a non-English speaking countyr, it may be prudent to get the contract translated in order to ensure everyone is on the same page about what the contract says and what they need to deliver upon.
  4. Think about making clear times to communicate with your international partner. Having a good schedule of web meetings can help to identify any issues before they become big problems, and also helps keep the relationship on track.

Want to know more about contracting with international partners? Talk to one of our friendly staff today.