STAGES OF AN INTERNATIONAL CONTRACT
STAGES OF AN INTERNATIONAL CONTRACT An international contract has mainly 5 stages. 1. ENGAGEMENT PHASE. This includes gathering information about the parties to the contract, their address, location, directors and every useful information connected to it. It also includes gathering data on the purpose of the contract, the subject matter, and the short and long term relationships. 2. ANALYTICAL PHASE. This mainly includes checking the collected data for compliance with the legal system underwhich the contract is governed, and the requirements of the parties. It also includes assessing the safety of your interests in the said contract. 3. DRAFTING PHASE. Here you first select thr language of the contract. Use clear and unambiguous words in the simplest language possible. If the contract is in two languages (with a translated part), choose which language shall prevail in case of ambiguity. 4. EXECUTION. The parties append their signatures to the contract. Ensure that the person appendin