INTERNATIONAL CONTRACTS AND SOLUTION OF CONTROVERSIES

The international contract is an agreement between two or more physical or moral people, domiciled in different countries, with which they determine the rights and obligations of both parts.

There are different contractual forms to develop activities of international trade. The following contracts are usually used to export and import merchandise:

" Sales contracts with one single transaction”
" Off supply (modality of the sale and purchase contract) it includes repeated orders of the same product, agreed upon in one single contract
" Off commission”, representation or mercantile distribution
" Off license” for the use or exploitation of a patent or a mark

The international contracts can be informal, confirmed by a verbal agreement, or by an exchange of documents; or they can be formal through written contracts which is more advisable.