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Confidentiality Contracts: Types and Models

Confidentiality Contracts are intended to protect certain information that must be provided in the course of a commercial relationship, either with partners, distributors, suppliers, employees or consultants. Basically, a confidentiality contract has three functions: Confidentiality contracts define exactly what information can and cannot be disclosed. They protect sensitive technical or commercial information from disclosure to others. The use of confidentiality ... Read More »

Shareholders Agreement for a New Company or Startup: Template and Main Elements

The Shareholders Agreement for a new company or startup is an agreement signed by the Shareholders whose purpose is to govern the internal relations within the company, as well as to establish the dispute resolution channels of any conflicts which may arise. Whereas a Shareholders’ Agreement may be executed at any given moment during the life of a company, the ... Read More »

Technology Transfer Agreements Guidelines

The Technology Transfer Agreement is increasingly used in technological cooperation strategies when the most innovative companies try to enter new markets. In this sense, technology transfer contracts (intellectual property rights or know-how, depending on whether the technology involved is registered or not) are expansion vehicles for companies that do not wish to make a direct investment in the country of ... Read More »

International Contract for Sale of Goods: 10 Key Clauses

By definition, International Sales of Goods Contracts imply that the sellers and buyers are located in different countries. This presents and obvious potential for confusion, as most commercial law is country specific, reflecting national trade practices, values and public policy. However, some general advice is possible for several reasons. In first place, there are many similarities among the different bodies ... Read More »

International Franchise Agreement: Key Elements and Types

International Franchise Agreement: Key Elements and Types

The International Franchise Agreement is usually defined as a contract whereby the franchisor grants the franchisee (based in another country), in exchange for direct or indirect financial compensation, the right to exploit a package of industrial or intellectual property rights relating mainly to know-how and commercial symbols, and to receive continuing commercial or technical assistance for the duration of the ... Read More »

What is NCND Non-Circumvention & Non-Disclosure Agreement?

The NCND Non-Circumvention & Non-Disclosure Agreement is intended to protect the rights of occasional intermediaries in international trade that provide certain services:  promotion of business, making contacts with third parties, assistance in negotiating contracts and wishing to be protected against the risk of being “circumvented” by the other party (i.e., its client) and, consequently, not being paid the commission for ... Read More »

Translation of legal contracts: 10 reasons to hire a professional translator

translation of legal contracts

Eider Iturbe* English contracts are a key tool of negotiation used by international businesses, independent bilingual contractors, law firms and government bodies with international ties. We live in a time of globalization and a digital revolution that puts information at anyones fingertips, in real time, regardless of where they live in the world. This opens the door to new forms ... Read More »

International software license agreements templates

International Software License

The dramatic increase in new technologies has made international software license agreements one of the most common forms of contracting in commercial relations in foreign markets. In this type of agreements, the software owner (Licensor) grants a person or company (Licensee) located in another country the right to use the software in exchange for economic remuneration. It is relevant to ... Read More »

International Agency Contract Templates: Key Terms

Before entering into an agreement with a commercial agent overseas, export companies need to have a model of International Comercial Agency Contract that regulates the relationship between the exporter (the “principal” in the contract) and the agent. When drafting and negotiating this type of contract template, companies must take into account the following: SPECIFY THE TERRITORY Before specifying the territory ... Read More »

International Construction Contract: Key clauses

The International Construction Contract has become one of the international models of international contracts used most frequently since in recent years numerous construction projects and infrastructures have been made by Western companies (from Germany, France, Spain) in emerging countries. Due to local contractors’ lack of experience, international contractors have carried out construction projects in developed countries and this situation is ... Read More »