Three Global Drafting Considerations for International Construction Contracts
U.S. contractors should proceed with caution when seeking to expand their footprint to an international stage, especially in developing countries where the local infrastructure may not promote a sustainable, stable environment, or a sustainable business model for the contractor, warns Rachael E. Stack in a website post for Faegre Baker Daniels.
But by considering three factors, contractors can mitigate exposure to the various risks involved in an international project.
Stack discusses the elements of contract form and language, governing law, and impact on the local community.
