4 Best Practices for Managing an International Contract Portfolio

Managing a contract portfolio has always required diligent oversight and a keen attention to detail. But, now that contracts are becoming longer, more complicated agreements, and there is an increase in contracting at the international level, contract management must entail a well planned, highly strategic approach. For large companies, engaging in international contracting is quite common and handling an international contract portfolio is relatively routine, as they usually have the resources and manpower needed. For smaller businesses, however, technology has enabled international contracting, but managing it can be a bit trickier. Here are some best practices for managing an international contract portfolio:

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5 Tips for Drafting International Contracts

Contract negotiations and drafting can be pretty difficult in the domestic realm, so engaging in these activities on an international scale can add some additional complexities. Although there are some international business standards and norms, there are not really binding laws or governing bodies to enforce the rules. Parties may agree to submit to international arbitration, but ultimate recourse will really depend on the language of the contract. Thus, here are five tips for drafting international contracts.

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