Legal Dangers in International Trade

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.






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Source:http://www.dummies.com/how-to/content/legal-dangers-in-international-trade0.html

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