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Drafting International Contracts: An Analysis of Contract Clauses Marcel Fontaine, Filip De Ly
Publisher: Martinus Nijhoff Publishers Brill Academic

There are several contractual concepts used around the world by governments to permit international oil companies ('IOC') to carry out petroleum explorations and, in the event of a commercial discovery, development and production operations. Though general contract principles apply in sports contracts, often such contracts are so important to the particular league or community, that each community has a vested financial and emotional interest in seeing their team perform well. Understanding and Drafting Standard Contract Clauses. Could always claim that the amount of care and consideration they saw fit was extremely minimal, though that runs the risk of making the clause meaningless, which courts usually don't like to do. Ensuring you recognise and deal confidently with the risks and benefits presented by commercial contracts is key to protecting your organisation from disputes. [147] Second, the diamond traders draft and exchange legally unenforceable agreements. In this, the first of a two-part series assessing NEC3 against the more conventional FIDIC Silver in terms of its suitability for substantial international construction and engineering projects, we examine the contrasting approaches and That said, it is counterintuitive to select a contract which is drafted on the basis of a particular philosophy and then seek to heavily amend it such that it becomes far removed from its basis; the choice of base form is still important. Thus when the agreement is properly drafted, the PSC concept on the one hand fully secures the interests of the state, and on the other hand makes the investor immune to the state's changing tax policies[25]. All professional services contracts have important common clauses. This Essay argues that the “psychological contract”—the parties' respective, subjective, idiosyncratic understandings of their contractual obligations to one another—is important and predictable. But the contract featured in The Hobbit: An Unexpected Journey was just too good a topic to pass up, especially since you can buy a high-quality replica of it that is over 150 centimetres long when unfolded. This analysis pulls out the common mechanisms underlying a broad range of behavioral findings and offers a framework for predicting behavioral effects in real-world decisions. Restatement (Second) of Contracts § 71(1).