Whether it be to sell or trade goods, to get products manufactured, to enter licence agreements or even to sign publishing deals or contractor agreements – Australian businesses are interacting with international businesses more than ever. International contracts are being entered into, but how much do we know about what we are signing and what needs to be included?

There are various laws affecting international contracts. For one, Australia is a party to free trade agreements with other countries or regions. This can have an impact on import/export requirements or taxation. For businesses that may be contracting workers overseas, there may be specific employment laws you need to take into consideration. Intellectual property issues also need to be raised. Will the design of the goods you manufacture be protected? Will you own the intellectual property of any work that has been completed overseas? A well-drafted contract will take into consideration the various areas of law that your contract may be affected by.

Resolving a dispute between parties to an international contract is another important issue to be explored. It is common to include clauses that outline how parties should resolve disputes, including a specification of which country’s law will apply. If a dispute arises that needs to be determined by a court outside of Australia, the matter may attract more costs and difficulties.

International contracts can branch out into various areas of law. Ensuring that you have received legal advice on the numerous factors that may affect your international contract will help you save the time and cost of resolving a dispute in the future. If you are about to enter into an agreement or need to have an agreement drafted with a business or individual overseas, get in touch with one of our specialist contract lawyers to ensure you understand what should be included and each party’s obligations. Just give us a call on 1300 544 755 or fill out the form! 

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