International Commercial Contracts
International commercial contracts are sale transaction agreements made between parties from different countries.
The methods of entering the foreign market, with choice made balancing costs, control and risk, include:
- Export directly.
- Use of foreign agent to sell and distribute.
- Use of foreign distributor to on-sell to local customers.
- Manufacture products in the foreign country by either setting up business or by acquiring a foreign subsidiary.
- Licence to a local producer.
- Enter into a joint venture with a foreign entity.
- Appoint a franchisee in the foreign country.
Read more about this topic: International Commercial Law
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