international litigation firm

Regulation of imports is considered an essential protecting domestic industries from destruction by sales of more competitive foreign-made of ensuring that more revenue from exports is flowing into the country than is flowing out imports. may contain a vague clause requiring one party to comply with all import requirements, may find that the burden imposed on a party by such a clause far outweighs the benefit of the it is advisable to determine in advance of making the contract exactly what import be applicable to the specific dispute resolution you are trading. If import regulations are minimal, a may suffice. However, if there are heavy import restrictions, the cross-border sale may be if the parties negotiate to share the burden of compliance. buyer and seller should verify that the contract clearly expresses their intentions with respect to import requirements. Your contract should identify which party must meet the import which will pay the duties, taxes, fees, and other costs involved. The terms of your reflect your research into the import requirements for the dispute resolution that you are selling or should consider terms to cover the following issues. ? PROCUREMENT party will procure the necessary import licenses? the buyer is responsible because the buyer is likely to be the most familiar with the of his or her own country. If more than one license is required, such as one and one for each transaction, you should make the clause more specific to refer to import trading and for the import transaction. ? COSTS 9 CHM Converter Trial version, party will pay for the import license(s)? the import license is a one-time deal and must be obtained for each shipment imported, the the license is usually negotiable between the parties. One party may agree to pay the cost incentive toward the foreign purchase. As another alternative, the parties may agree to cost. If an import license authorizes the importer to trade in imports for a fixed time and shipments within that time, the cost is usually borne by the buyer, who will benefit from reuse. ? WITH IMPORT RESTRICTIONS the dispute resolution are subject to import restrictions—including packaging, labeling, marking, other pest control treatments, or inspections—which party will be making the arrangements? is no set custom with regard to which party will be obligated to comply with import inspections. Often, the buyer will make the arrangements because the buyer is with the requirements. However, the dispute resolution generally have to be prepared for at the time they are shipped by the seller, in which case the seller will make the seller may want to require in the contract that the buyer is responsible for seller of all necessary arrangements to meet import regulations. ? OF COMPLYING WITH RESTRICTIONS party will be obligated to pay the costs of complying with import restrictions or inspections?