Cost-Effective Updating of Old Contracts or General Terms and Conditions

You do not always have to reinvent the wheel.

In business practice, it is often more cost-effective and sensible simply to adapt and update purchase, supply, distribution agreements or general terms and conditions already in use in individual points to reflect changed circumstances or market risks.

This is particularly the case where the contract used to date is legally designed purely for domestic purchases or sales, while the importance of cross-border elements in sales, purchasing and procurement within the company is steadily increasing.

Old contracts take into account neither new business developments nor new markets, nor the legal particularities that accompany them, such as the risk of the applicable law being that of a foreign legal system, different liability standards abroad, the application and exclusion of international conventions, the risk of jurisdiction of a foreign court together with unfamiliar procedural rules and language, or the validity of German retention-of-title clauses in international business, which other legal systems often neither recognise nor acknowledge.

In many cases, it is therefore sufficient to contain the entirely new and significant contractual risks associated with international business cost-effectively by merely updating the old contract.

Anyone can make things expensive. We offer you cost-effective and swift solutions to effectively safeguard your contractual risks in an increasingly global environment.