Resources

A franchise agreement is just like any other contract – it sets out the rights and obligations of each party and provides appropriate remedies if either party fails in their obligations.

There will be many occasions in business when it is necessary to negotiate. Indeed, we do this all the time and often the exchange is continual and goes unnoticed.

Test marketing is a widely-used technique typically used by businesses to assess whether they can introduce a new product to an existing market.

Broadly speaking, there are three routes to investing internationally: set up a wholly owned subsidiary, invest in an existing business or set up a company in partnership with an existing business.

A trade mission is simply an activity in which a business from one country goes to seek out potential trade or investment partners in another country.

Getting paid is often the hardest part of your international trade transaction. Even if you are used to taking payment up-front in your domestic market, you will find that much harder in an overseas market.

You will quickly discover that there is no shortage of information on international trade and investment.

Many firms, especially those that focus on design and problem-solving, sub-contract the manufacture, and maybe other functions as well, to specialist contract manufacturers.

It is important to consider the logistics of moving your merchandise to your customers. For businesses considering international trade, however, it becomes a crucial part of their decision making and planning process.

Many countries seek to discourage imports through the imposition of tariffs, quotas and non-tariff barriers (NTBs) though they may agree to make concessions to selected countries, usually in exchange for some sort of trade agreement.