• Trading

    What Contract means

    Object of the contract identified in a technical/quality document Term of the contract: Calendar date – Completion work Assignment: Contract – Credit arising out of the contract Termination: Infringements of the contractual terms – liquidation – reconstruction – bankruptcy Terms of delivery: • Incoterms • Transfer of responsibility • Title and risk of loss • Taxes and duties Authorization/license: Several types Prices: Firm and fixed – Escalation clause Insurance: Product liability – Personnel – Credit Confidentiality: Attachment “not disclosure agreement”. Contract Check List: ◊ GENERAL STATEMENT ◊ DEFINITIONS ◊ CONTRACT CHECK LIST ◊ PREVALENCE OF THE APPLICABLE DOCUMENTS ◊ CONTRACTING PARTIES AND SIGNATURE POWER ◊ OBJECT/SCOPE OF THE CONTRACT ◊ TERM OF THE CONTRACT ◊ ASSIGNMENT…