international contract

An international contract is a legal agreement between parties located in different countries. It outlines the terms of a business relationship, including responsibilities, payment, and delivery of goods or services. These contracts are important because they establish clear expectations and help resolve disputes that may arise due to differing laws and cultures. To ensure clarity, international contracts often specify the applicable laws, languages, and dispute resolution methods to be used. Overall, they help facilitate international trade and cooperation by providing a structured framework for parties to follow.