One of the main uses of Artificial Intelligence (AI) applied to international trade is to obtain information related to export and import operations. The key to this is know how to ask the AI being used (e.g. ChatGPT), through what are called prompts. A prompt is essentially a specific instruction or query given to ChatGPT to get a response or ... Read More »
When companies hire Chinese manufacturers, it is essential that they draw up contracts –known as OEM Manufacturing– that include certain provisions to safeguard their rights, especially those related to the quality of the products manufactured and the protection of intellectual property rights (trademarks, patents, designs). Below we mention 10 provisions and explain how to draft them in a Manufacturing Contract ... Read More »
Arab countries constitute a diverse region as regards geography, ethnicity, religion, as well as cultural practices and business etiquette. The diversity of the Arab world entails that further examination of certain ways of doing business in each country is necessary, in order to take advantage of the available opportunities offered to foreign negotiators. One of the aspects which one must ... Read More »
Buying and selling a business include several stages such as: valuing the business, getting tax advice, market research and marketing, preliminary offers, negotiating terms, heads of agreement, legal sale and purchase agreement concurrently with due diligence, and finally, completing the sale. The buyer shall research thoroughly to ensure each stage of the negotiation is documented in order to include all ... Read More »
India has become the world’s most populous country and the world’s fifth largest economy. However, its traditions and cultural factors – very different from those of Western countries – continue to profoundly affect the way it does business. In other words, it is a clear example of the importance of intercultural negotiation. This article offers 10 cross-cultural guidelines for India ... Read More »
Buying Agents are an important part of any company’s success. The purchasing force serves as the external face of the company, and the individuals and organizations that acquire goods on its behalf should be carefully selected. Any manufacturer, distributor or trader must make sure to obtain high-quality products for a good price. The company must explain to its buying agents ... Read More »
by Olegario Llamazares* Kenya is the most politically stable country in East Africa: it has never had an open conflict with its neighbours and its country-risk rating C (Coface classification) is better than that of most of the countries in the area. The port of Mombasa is the third largest in Africa. From an economic perspective, it is the leader ... Read More »
Freelance contracts are rapidly expanding across the world. Many companies are choosing to create a workforce based on what works for them, rather than the traditional model of employment. In this respect, freelancers have been a growing segment of the workforce, with many businesses choosing to create a team based on multiple different working relationships: employees and freelancers alike. Due ... Read More »
The widespread use of artificial intelligence (AI) in the most competitive companies is transforming foreign trade operations by automating various aspects of export and import operations. Thus, for example, Artificial Intelligence makes it possible to: Automate repetitive tasks, such as document processing, inventory management or shipment tracking. Optimize logistics processes, improving delivery times and increasing efficiency in the supply chain. Analyze and evaluate suppliers based on performance, quality, pricing and other key factors. Read More »
Software agreements are legal contracts between software developers or vendors and users that govern the use of the software. These agreements outline the terms and conditions of use, as well as any restrictions or limitations placed on the software. Software agreements models and templates can take many different format, including end-user license agreements (EULAs), software-as-a-service (SaaS) agreements, open source licenses, ... Read More »
