Dothan, Alabama

3 Legal Aspects to Consider for International Business Transactions September 7, 2016

Dothan, Houston
3 Legal Aspects to Consider for International Business Transactions, Dothan, Alabama

Business transactions can be complex, and international transactions raise the legal stakes higher. In Dothan, AL, attorneys at The Law Office of Peter A. McInish, LLC counsel people who conduct international business transactions to help them avoid litigation.

Consider these three elements when drafting your international business contracts.

  • Contract Legality: Activities may be legal in one country but not another, and courts do not enforce illegal contracts. For example, if a pharmaceutical company in the United States agrees to purchase opium from India for use in medicine, it is a legal contract because both countries allow such a business transaction for medicinal purposes. However, if your business contracts to purchase opium from India for sale to individuals, the contract is unenforceable because its purpose is illegal.
  • Business-transactions-Dothan-ALDispute Resolution: International contracts should specify the jurisdiction in which you would resolve legal conflicts. Suppose your Alabama-based business contracts with a Chinese company to manufacture goods in California for delivery to China. Your contract should state whether litigation would occur in Alabama, California, or China if a dispute arises.
  • Legal Conflict: Your contracts for international business transactions should state what laws apply. It may be clear that any litigation would take place in Alabama, but your agreement should specify that Alabama law applies, not California or China law.

An experienced business transactions and real estate attorney, Peter A. McInish will review or draft contracts to keep your international business dealings on the right side of the law. You can trust The Law Office of Peter A. McInish, LLC to put more than 30 years of experience to work for your business, achieving successful outcomes at home and abroad. Call (334) 671-2555 to arrange a consultation, or visit the firm’s website for more information about their practice areas.

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