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Too many businesses are entering international trade without proper contracts and are therefore taking unnecessary and potentially costly risks.
Slow payments, legal issues, dashed expectations and disenchantment with the exporting process are a result of businesses foregoing the need to establish terms and conditions specific to their international situation.
Many businesses pursue alternative routes to dispute resolution to avoid needless litigation, but given English law has a tendency to fuel disputes by omitting the options of mediation and arbitration, these approaches are damaging UK businesses’ long-term relationships with international customers and partners.
The Chartered Institute of Export & International Trade is delighted to offer four new international T&C templates exclusively for our Business Members, to allow businesses to export confidently, safe in the knowledge that they have a legal framework specific to their international needs.
Each of the templates also include Anti-Slavery and Bribery Act clauses, allowing businesses to trade with peace of mind.
There are four templates available:
To download the templates you will need to be a Business Member and signed in to your account to access them.
(opens in a new window, Business members only)
A crucial part of exporting is having the legal frameworks in place that allow businesses to trade confidently. I’m delighted that the Institute of Export & International Trade has launched these templates as part of a package of solutions on offer to help businesses export. I urge all UK companies that are currently selling overseas without proper contracts in place to take a look at these templates and implement the right one for them. Through our Export Strategy, DIT has set out an offer for all businesses to ensure they are able to make the most of the global opportunities this presents.
For more information about Business Membership send your enquiry direct to a member of our team by using the contact form here.