Key Elements of International Contracts

Description

This Skill Bit talks about how International contracts, while sharing common elements with domestic ones, incorporate additional components due to their cross-border nature. These include offer and acceptance, choice of law, language, jurisdiction, venue, currency, and force majeure considerations. These elements address complexities inherent in cross-border agreements, ensuring clarity, legal compliance, and dispute resolution mechanisms.

Duration approx. 3 Min.

Tier: basics