subject: International Trade Aspects That Require Legal Help. [print this page] Expansion of your business requires careful planning. It becomes even more complex if you are venturing into the international arena. You need to know all about the business customs, rules, regulations, and legalities, not only in your own country, but in also where you want to conduct your business. Only a capable international trade attorney can help you in this regard.
Trade with other countries
Export and import of goods and services is an integral part of international business endeavors. An export license is required to send specific products to another country. These include firearms, electronic devices, and chemicals and so on. Different US Departments are responsible for providing this license (depending on the product).
Knowledge of the export laws of your country wont suffice in this situation. You need to be aware of the rules and regulations of the country to where you are sending the goods. In this regard, only a proficient attorney is capable of advising you on how to comply to the laws, customs, and traditions of that country as well.
The US Customs and Border Protection, operating under the Department of Homeland Security, is responsible for implementing the laws pertaining to the import of goods and services from other countries. You may need to obtain a specific permit if you want to import certain goods.
Investing money in foreign businesses
Another scope that you may wish to explore is that of foreign investment. Talk to a competent international trade attorney before you take this step. He/she could help you ascertain and evaluate the risks involved in this and what measures you need to opt for to keep these risks at bay. He/she is apt at foreseeing legal hassles that may occur because of an error and helps you keep away from committing any.
Preparing the documentation for international trade is also the responsibility of the attorney. These contracts are similar to domestic trade contracts and need to mention details like the involved parties, the goods or services, the prices set, the duration for which the agreement is effective and so on.
The only point of difference between the international trade contracts and domestic ones is that the former needs to mention which countrys laws are applicable in case of a dispute. Though the participating countries respect each others laws in these types of situations, it is best to keep a solution handy.
How do you choose an international trade attorney? The most important thing to look out for is the extent of knowledge that the professional possesses. He/she needs to be aware of the US laws as well as those of the country you have trade relations with. Only extensive knowledge and experience in handling such matters can help him/her understand the nuances of your case and tackle it accordingly.
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