When Drafting International Contracts, It Is Wise to Provide for a Dispute

question 12

True/False

When drafting international contracts, it is wise to provide for a dispute resolution format with a provision that has senior executives trying to resolve disputes first.

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Definitions:

Financial Plan

A comprehensive evaluation and strategy that outlines an individual's or entity's current financial situation and future objectives.

Critical Risks

Significant potential challenges or threats that could have adverse effects on an enterprise's operations or success.

Assumptions Section

Part of a business plan or project proposal where foundational premises and estimations for future operations are outlined.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty.