18 Questions
Why is it important to address contractual and legal aspects from the beginning of negotiations in international contracts?
To ensure the foreign counterparty regulates the transaction aspects favorably.
What should exporters consider when carefully examining contractual clauses in international transactions?
The volume of goods involved in the transaction.
In international commercial transactions, why is it crucial to assess credit and exchange risk?
To protect against potential financial losses due to buyer's insolvency or currency fluctuations.
What is a key consideration for exporters when negotiating international contracts?
Understanding the objectives and needs of the counterparty.
Why do exporters need to be cautious about legal systems, rules, and customs in different countries?
To prevent potential disputes arising from different interpretations of terms.
What consequence often arises when economic operators underestimate the importance of contractual and legal aspects in international transactions?
Counterparty defining transaction elements unfavorably.
What principle dictates that even in the absence of express confidentiality agreements, confidential information disclosed during negotiations should remain secret?
Principle of good faith
What should the parties to an agreement do with the confidential information shared during negotiations?
Use it solely for reaching an agreement
What type of information is exempt from the confidentiality obligation as outlined in the text?
Publicly available information
What is the purpose of signing a precontract in the context of negotiations for an international agreement?
To establish contractual obligations
What consequence does the text mention for non-fulfillment of a precontract in international negotiations?
Contractual liability and compensation obligation
In international contracts, what is the primary reason for treating confidential information with utmost care during negotiations?
To protect business and operations interests
What is one key difference between common law and civil law in terms of contracts?
Common law contracts are based on written codes, while civil law contracts rely on previous similar cases.
When setting up an international commercial relationship, what aspect can have a significant impact?
The choice of delivery terms for goods
What is essential when defining a commercial agreement with a foreign counterparty?
Regulating the contract in a clear and complete way
In common law systems, what is considered 'law' for the contracting parties?
Previous similar cases
What can lead to unpleasant surprises in international business with foreign counterparties?
Neglecting to consider credit and exchange risk
What is important when assessing credit and exchange risk in international contracts?
Identifying economic elements clearly and completely
Explore the key concepts of international contracts and negotiations in the field of international commercial law, as discussed by Giuseppe Settanni. Understand the importance of contractual and legal aspects in ensuring the success of commercial transactions.
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