Section 3 Objectives of international business contract negotiations
3.1 Brief introduction of the goals of business negotiations
3.2 Objectives of business contract negotiations
Objectives of international business contract negotiation are summed up as follows.
1. Explain clearly all essential prerequisites, terms and conditions.
2. Goods or services to be provided are unquestionably defined.
3. Compensation is clearly stated: Total cost, payment schedule, financing terms.
4. Acknowledgment of: Effective dates, completion/termination dates, renewal dates.
5. Identify and address potential risks and liabilities.
6. Define and set reasonable expectations for this relationship currently and into the future.