Exam 5: International Contracts

When a territory clause in an international distribution contract makes an agent/distributor an exclusive representative,it essentially grants a ____________________ to the representative.

Under the Uniform Commercial Code (UCC),when a buyer agrees to an offer made by a seller,but indicates a desire for a different schedule of delivery or term of payment,such a response is considered to be a rejection of the offer.

Normally,an exporter pays the agent's commission when the ___________________ pays the exporter.

Normally,contracts between parties who speak different languages from each other can be written in both or all of their languages,and the contracts will have equal weight.

The advertising clause of a contract between an exporter and an agent/distributor spells out the obligations of both parties in the areas of

The contract clause that spells out if a representative will be an agent or distributor is usually the first clause of the contract and is called the _____________________ of appointment clause.

When a party to a contract is continually looking for loopholes to avoid living up to the obligations of that contract,it can be said that

An increasingly popular way of settling disputes between international exporter-agent/distributor partners is

A facilities and ____________________ clause in a contract spells out what the exporter and the agent/distributor have agreed upon with respect to the type of establishment the agent/distributor will maintain.

In general,the choice of law,or the choice of which country's laws will regulate a dispute between international parties,is made by the agent or distributor rather than by the exporter.