Do Your Trade Contracts Have Teeth?

With everchanging trade policies around the world, it is more important than ever to write strong tariff protections in your contracts for both you and your trade partners.

Marina Mekheil from Schultz Trade Law reveals the essential strategies for protecting your business in an increasingly complex global trade landscape. With tariffs and enforcement actions threatening business operations, understanding contract nuances has never been more important.

"Your contracts have teeth... it's not ugly to write contract terms that are clear." - Marina Mekheil

Connect with Marina:
website: https://www.schulztradelaw.com/our-team/marina-mekheil
LinkedIn: https://www.linkedin.com/in/marina-mekheil-84aa85b1/ 

Main Takeaways:

1. Contract Clarity is King

• Always have written agreements, not just verbal understandings
• Include explicit terms about duty payments, customs clearance, and tariff responsibilities
• Create flexibility with renegotiation clauses

2. Protect Your Business

• Include arbitration clauses
• Add indemnification agreements
• Require transparency on HTS codes and tariff calculations
• Consider test contracts with new trading partners

3. Proactive Compliance Strategies

• Involve multiple departments in trade compliance
• Understand the implications of Incoterms beyond surface-level interpretations
• Be prepared for rapid regulatory changes
  
  
  In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬
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  📩Importing https://globaltrainingcenter.com/importing-procedures/ 
  😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/ 
  🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/ 
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  Credits:
  Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
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  Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/