Is Your Export Contract Legally Enforceable Contract
You’ve owned a big export sales contract. So, you are going to invest a considerable amount. But, is your export contract is legally enforceable? If it is not legally enforceable, you are running a higher risk of nonpayment by the buyer. The question is, how you can be sure that the contract is enforceable by Law? We will discuss the straightforward way to understand whether your contract is a valid contract for legal enforcement in case of any breach. When You Will Need Legal Enforcement Many of the exporters and importers are dealing with their businesses depending on the contract. The question of legal enforcement comes only when any of the parties breaches the contractual obligations. For example- export is done as per terms of the contract, but payment is not received. Or, export is done, and payment is made, but quality and quantity of the export goods are not as per contract, etc. Common Elements of a Legally Enforceable ...