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Legal Dangers in International Trade

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2016-03-26 18:49:11
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Import and export laws differ from one country to the next. Make sure you know the laws regarding international trade wherever you're doing import/export business. Watch out for these common legal pitfalls:

  • Regulations and restrictions: Be aware of how your transactions may be affected by the import/export laws in the United States or in the foreign country involved.

  • Agents, distributors, and representatives: Know the laws that govern their retention and, equally important, their termination.

  • Shipping: Avoid misunderstandings over shipping. Shipping arrangements must be written and spelled out in detail.

  • Dispute resolution: Make sure that any contract designates how and where differences will be resolved.

About This Article

This article is from the book: 

About the book author:

John Capela has taught marketing, management, and international business courses at St. Joseph's College in New York for 20 years. He is president of CADE International, which provides consulting and training in international business including importing, exporting, licensing, and foreign investment.