International contracts are one of the most essential underpinnings of cross-border transactions, which are the engine of the global economy. Yet unless these contracts are drafted correctly, they can lead to costly disputes, which have become one of the largest sources of commercial litigation. A new ICC book, Drafting and Negotiating International Commercial Contracts, aims to arm traders, specialized jurists, and non-specialist legal experts alike with the practical tools to demystify and simplify an often complex and misunderstood process.
Written by world-renowned expert in international contract law, Fabio Bortolotti of Buffa, Bortolotti & Mathis and Associates, who is also a distinguished law professor at the University of Turin, the book is a practical guide which walks the reader through the gamut of contractual arrangements, from negotiation to drafting and the resolution of disputes by commercial arbitration.
“This book clarifies the issues which arise and provides solutions to the thorny problems they raise, including choosing applicable law and jurisdiction, international arbitration and drafting techniques, as well as hardship, force majeure, and liquidated damages,” Mr Bortolotti said, who is also Chair of the ICC Commission on Commercial Law and Practice.
Drafting and Negotiating International Commercial Contracts
supplies insights into the basic requirements of a well-drafted contract and an in-depth analysis of the negotiating process.
Professor Bortolotti also provides an incisive commentary on ICC Model Contracts, which can help parties avoid many of the common problems practitioners face. ICC has a long and extensive experience developing international rules, including model contracts that are used in sales, agency and distribution. ICC contracts figure in billions of dollars’ worth of transactions every year.
Lawyers and business professionals will discover in the pages of this book all the resources they need to ensure their contracts meet the requirements of a globalized world and to ensure their organization is not exposed to unnecessary risk.
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Fabio Bortolotti