The Contractual Disputes | Critical Analysis Case Study

Running Head: CRITICAL ANALYSIS CASE STUDY
Critical Analysis Case Study
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CRITICAL ANALYSIS CASE STUDY
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Background of the Case Study:
In the above given situation the employer should collect the most significant and the
effective source of information of the partner firm. Our company should be well aware of the
strengths and the weaknesses of the overseas firm before entering into the partnership venture.
The employer should also be well equipped with the knowledge of the market opportunities and
the overseas country and the demand of the services delivered by the home company in the
overseas country.
Fundamental Information about the Potential Contractual Disputes
The contractual disputes can occur in the domain of the international trade and finance of
the different parties negotiating for the particular deal. The first reason can be related to the
payment terms and conditions of the different firms, in which case the importer can argue on the
quality of the various goods and services that will be offered to meet the basic standards of the
contract signed between the two companies (Hopkin,2018).
Efficacy of the management of the contractual disputes in partnership firms
(procuredesk.com)

CRITICAL ANALYSIS CASE STUDY
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Factors to minimize the legal Risks
The contractual dispute can also be related to the letters of guarantee which will be
associated with the various counterparties who may require the issuance of the various letters of
guarantee in order to secure the noncompliance of the various contractual firms. The contractual
disputes can also be related to the different types of foreign exchange rates and the other error in
the documentation related processes that will be issued by the bank of the importer used as the
instrument for payment for the companies (Aven, 2016).
Evaluation of the management of the legal risks in the firms(www.maxwell.syr.edu)
Ways for the Risk Management
The first process can be to accept the market risks which reflects the fact that the
employer has identified and equally understood of the risk management techniques. The third
process is to transfer the risks which will result in the transfer of the impact and the management