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FrançaisThe possibility of receiving less or paying more money because a receivable or a payable is denominated in a foreign currency. Countries with shortages of convertible currencies reserves often resort to exchange control. Under these conditions, delays in payments often…
Read MoreExcise tax
A selective tax, sometimes called consumption tax, on certain goods produced within or imported into a country. An example is a tax on the import of crude oil, or a tax on certain luxury goods.
Read MoreExclusive distribution
This is a type of distribution in which only one distributor is authorized to sell a specific product within a particular territory. The legality of an exclusive distribution agreement can vary depending on the specifics of the case. In some…
Read MoreExclusive distribution contract
It is a type of collaboration contract by which a company (Distributor) makes its structure and commercial network available to another (Supplier) in order to sell or distribute a specific product, for a period of time and within a particular…
Read MoreExculpatory clause
A contract clause by which a party is released from liability for wrongful acts committed by the other party. A seller may agree to release a buyer, for example, from liability for all or specified defects in the design, packaging…
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