Aside from the ongoing studies to establish uniform rules applied in international trade, it is known that parties and legal consultants should pay attention to the preparation of international or foreign trade agreements.
The subject of the contract, the nationality of the parties, the method of execution, the method of resolution of the dispute, and the arrangement of the place of resolution to meet the parties' purposes in making the contract with their real will often affect the win or lose of future lawsuits.
If the contract to be arranged between the parties has a connection with another contract previously arranged for the same parties or the performance of the parties, it is important to include these contracts and, if possible, to be numbered.
Adding the names and surnames of the parties to sign the contract, their e-mail addresses, workplace and residence addresses, citizenship numbers, trade registry numbers, tax numbers, and the information of the company's authorized person will facilitate notification in future disputes.
It should not be overlooked that the subject of the contract should be clearly and fully specified. What is meant here is that it is not only the wills of the parties that they understand at that time, but also that the person who will evaluate the dispute in case of a dispute will understand it correctly.
The fact that the periods of the parties to fulfill their actions are added exactly to reflect their real will is important in terms of determining the date of default.
It is also useful to indicate from which moment delay penalty or default interest will be paid in terms of durations.
While determining the interest rate in international trade, it is useful to examine the interest conditions of the local law to which the parties are subject. Because, it may not be possible for the party to enforce and collect the interest rate contrary to public order in the country of the party that violates it.
The parties can decide on their own what the applicable law will be in case of a dispute. In this regard, we can say that the arbitration clause is added to the contracts every day and arbitration is becoming widespread in dispute resolution.
It should also be observed whether the contract is signed using e-signature. It should be observed that the parties should not put forward any defenses in terms of electronic signature in the future.
Specifically determining the procedure to be applied to the notifications between the parties, using electronic notification will facilitate the transactions.