Risks and issues when drafting contracts for international sale of goods
International trade refers to the exchange of products and/or services with the following key elements: buyer and seller; export and import. Usually, the contracting parties are from two different countries in which they are incorporated under different laws. Hence, the contracting parties require a contract for the international sale of goods. This contract generally focuses on the benefits of a transaction between the contracting parties and on the potential risks that may arise between buyer and seller in the transaction, etc. Therefore, the contract for international sale of goods plays a vital role and as a bridge in international trade.