The term ‘’international contracts’’ refers to contracts involving more than one state. Thus, contracts that are legally binding overseas. The most common scenario is when the parties are subject to the laws of separate states, or of more than one state. International Contracts Law encompasses the law that outlines such international contracts.
What is the Definition of Contracts Law?
Contracts are legally binding agreements concluded by at least two parties with the alignment of their wills. Contracts law regulates the issues related to the contracts, such as the establishment of contracts, the execution of the obligations subject to the contracts, the resolution of legal disputes arising from the contracts and the eventual termination of the contracts.
International Contracts Lawyer in Turkey
Foreigners who may wish to establish international contracts or seek legal assistance in relation to matters arising out of international contracts to which they are already a party. Turkish lawyers can assist foreigners in Turkey with drafting, selection of the most beneficial law to be applied, establishment, execution, termination, resolution of disputes arising from and out of international contracts.
What Does International Contracts Law Cover?
With the globalization of commercial activities any contract emerging internationally can be a subject of International Contracts Law. The Common types of international contracts/ agreements can be listed as:
- Acquisition Contracts
- Agency Contracts
- Aviation Agreements
- Athlete Transfer Agreements
- Art Gallery Agreements
- Consultancy Agreements
- Consignment Agreements
- Construction Contracts
- Development agreements
- Distribution agreements
- Energy Agreements
- Escrow Agreements
- Franchise agreements
- Investment agreements
- Intellectual property license agreements
- International Sales of Goods
- International Financial Technology Agreements
- Joint venture agreements
- Loan Agreements
- Purchase & Sale Agreements
- Research and development agreement
- Sportsman contracts
- Supply agreements
- Service Agreements
- Transportation Contracts
- Tourism Agreements
- Consumer Agreements
What Does a Turkish International Contracts Lawyer Do?
Turkish International Contracts Lawyer can assist clients in following steps:
- Planning of international contracts
- Risk assessment regarding international contracts
- Assistance with negotiation between parties wishing to establish international contracts
- Drafting of contracts that are subject to international contracts law
- If allowed by law, choosing the most beneficial law to be applied to international contracts
- Ensuring international contracts are legally binding overseas
- Establishment of international contracts
- Drafting a legal notice for the opposing party in case of a breach of contract
- Termination of international contracts
- Starting the mediation process with the opposing party in order to settle the dispute amicable
- Initiating the legal process and representation in court proceedings
- Representation in Arbitration proceedings (if applicable)
- Advising the client about the legal strategy to be followed
- Determining the damages, claims and legal grounds
What are the Advantages of Working with an International Contracts Lawyer?
When it comes to international contracts, as the contract is linked to laws of several different states from nature, it can be challenging to set up the contract for parties without assistance of an expert in international contracts law. An international contracts lawyer will ensure that the contract is legally binding, will choose the most beneficial law for the contract if permitted by law, and will include certain clauses that are essential for international contracts so that the parties are not confronted with any unforeseen issues in any states that are connected to the said international contract whilst drafting the contract. Thus, reaching out for the assistance of an international contracts lawyer is undoubtedly the healthiest approach to ensure that the outcome is as desired by the parties.
What Are the Key Elements of an International Contract?
International contracts are basically agreements involving more than one state or firm; They have legally binding structures abroad. There are 5 important points of such contracts and they are as follows, together with what they mean:
- Payment Conditions: Issues such as current account plan, prepayment options and documentary credit should also be taken into account in the contract.
- End of contract: It is a clause in the terms stating that the parties cannot terminate the contract by terminating it before the official contract expires.
- Jurisdiction: When signing; In case of a legal dispute between the signatories, it is determined where it will be resolved.
- Conflict Resolution: The types of disputes that may arise from the terms of the contract should be anticipated and tried to be covered.
- Force majeure conditions: The possibility that some events, such as a natural disaster, may jeopardize compliance with the agreement should be evaluated in advance.
Such issues need to be included in the international contracts. If you have a contract in this scope, it is always recommended to get help from lawyers who are experts on the subject.
Why are International Contracts Important?
International contracts cover a very wide area within themselves. Because there are many types such as purchasing agreements, agency agreements, aviation agreements. Each one is prepared specifically for the parties.In this respect, international agreements are of great importance. In order for this process to work correctly and in accordance with legal rules, it is recommended to get help in this process.
Should A Lawyer Review My International Contract?
There are many issues that should be included in International Conventions. In addition, the contract must not be unlawful in general terms. In this regard, it is always important for a lawyer to check the terms in detail before signing.
Contact an Experienced International Contracts Lawyer!
With the improving technology, commercial actors tend to close deals with simple agreements, most of the time the terms and conditions of international agreements are decided verbally, with an e-mail, a WhatsApp message or a proforma invoice etc. However, there is always risk of facing a dispute in every deal. In an international agreement, if the parties do not have a solid contract stipulating the terms, conditions and possible consequences of the agreement, they may face huge damages in case of a dispute, therefore it is to the best benefit of the parties to contact an international contracts lawyer to minimize the risk in the beginning.