How to write a business contract law
Lecturers: Mr. Paul Arthur Luzu & Ms. Mina Alavash
Date: 17th & 20th Feb 2020
How to write a business contract law
Ms. Mina Alavash the lecturer of the topic started her part as below:
- Negotiation is the first and the most important of the business contract law.
- At first, everyone has to find out the parties credit information. The participants in the negotiation should be the authorized people in a company and they should be able to use their time in the meeting on the purpose of the contract.
The next steps of the agreement or contract are:
- Parties Introduction
- Recital
- Appointment of the parties
- Interpretation and definition of the words and their meaning
- Supply of Product
- Payment- Incoterms, Obligations
- Marketing- Support & training
Mr. Paul Arthur Luzo – who was the second lecturers on contract law topic, continued the seminar as the following content:
Termination breach and its consequences- disputes and finally arbitration- the importance of governing law on contract and the venue of contract suit and finally Mr. Luzo ended his part about the importance of signatures and their authorization.