Major issues in preparing Contract, Problems , International contracting, three Principal Legal System, Nature of contract and Contracting in digital age

Major issues in preparing the
contract relate to:
What you want to obtain

What you want to avoid

The options you have to protect
yourself if things go wrong

What you want to include or exclude in the
contract

Which clauses to use
ITC M8:U2:2.2-1

, What you want to obtain
type of purchase (recurring needs or
not, number of suppliers…)

What you want to avoid
inventory levels, stockouts, changes of suppliers…

The options you have to protect
yourself if things go wrong
short contracts, performance and completion bonds,
dispute resolution clauses...
ITC M8:U2:2.2-2

, Action Point 2.2-1

Review a group of your past purchase contracts - I

What have you tried to obtain in the contracts
from your suppliers?



What have you tried to avoid?
ITC




Identify any trends that come out of your
review.



ITC M8:U2:2.2-3