The daily tool for businessmen is the contract.
This document is legally binding for the signatory parties (pacta sunt servanda). For this reason, it is of the utmost importance that the parties have a deep knowledge of its consequences.
Besides traditional aspects of contracts, such as legal capacity of the parties, liability, liquidated damages and termination, a businessman has now to manage further challenges stemming from globalisation of markets: place and means of execution of contracts (telephone, fax, email etc.), applicable law, choice of jurisdiction or arbitration, terms of delivery, application of VAT and not least, payments, documentary credits and securities, which often involve foreign banks.
International conventions regarding jurisdiction and applicable law, as well as other juridical documents (INCOTERMS for modalities of transportation and passing of risk, UCP 500 for the regulation of letters of credit), often combine with the domestic legislations.
Consultancy for drafting and proper performance of contracts, both at national and international level, (for example: distributorship and commercial agency agreements, supply, procurement etc.) is the activity carried out by the Firm in the light of applicable world-wide regulations such as EU Directives regarding product liability, consumer protection, e-commerce.