Keys to internationalisation
Keys to internationalisation > Legal aspects
The legal aspects to take into account in international trade when importing and exporting merchandise are extensive and very important. Making yourself vulnerable can have serious consequences on your company and for that reason you have to take special care and comply with all legal requirements stipulated when carrying out this type of operation.
With regards to accessing foreign markets, the classification of the product to import or export is the first step in the declaration and clearance process in customs for the merchandise. Due to the complexity of this process, companies normally use professionals who are experts in this area to manage the release of the merchandise within a reasonable period of time. Being responsible for imported or exported merchandise you should understand and comply with your responsibilities to avoid being sanctioned by the administrations involved.
In the area of international contracts, operating in certain markets can be very complex. As a company you need to assume many commercial risks. With this in mind, you need to guarantee your commercial relationships with foreign suppliers and clients to the highest degree. The legal solutions offered by the legal system and international uses and customs are varied. To reach a specific solution it is important to understand the different types of contracts and legal solutions protecting your rights, such as, for example, the protection of your trademark against third-party copies.
If, when developing your activity in a foreign market, you have a conflict with a supplier or foreign customer, you should not become discouraged as there are a series of resources with which you can demand compliance with the contracted obligations. There are various claim procedures, you need to follow should the other party not comply with the agreement. These procedures range from formal communication, inviting the other party to comply with what was agreed, up to formal claims before tribunals or courts of arbitration.
