Model Contracts for SMEs

Basic models of international business contracts harmonized in structure and content, including identical or recurrent standard clauses.

Monday, November 18, 2013

From the introduction of the document produced by the Foreign Trade Promotion Office of Costa Rica :

This book contains the major international commercial contracts that small and medium enterprises (SMEs) will need in their business operations. All of the contracts are harmonized in structure and content and include every standard clause which is identical or recurrent.

The nine Model Contracts and standardized clauses were selected based on a survey institutions representing SMEs worldwide. The purpose is for them to be used primarily by SMEs for an obvious reason: it is common for smaller companies to have limited access to legal advice. Therefore, these model contracts will be a particularly useful for contracts of limited economic value, with the intent of discouraging SMEs from drafting contracts on their own.

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