Contracting Principles

Contracting Principles

Endorsed by WorldCC Foundation, the World Commerce & Contracting - Contracting Principles support and streamline the drafting and negotiation of your contracts. These industry-adopted and commercially practical recommendations for buyers and sellers reduce the time it takes to reach an agreement.

Reduce the time it takes to reach an agreement with these industry-adopted and commercially practical recommendations for buyers and sellers.

You may adopt these principles in their entirety or select the elements that benefit you and comply with local laws and industry regulations. When agreed to by both parties, the principles can be included in your contract templates. This drastically cuts down on back-and-forth negotiations while still allowing flexibility for amendments. This also means that the business team can get straight to work on the more important aspects of the deal.

Whichever way you choose to implement them, it is important to instill collaboration, fairness, and balance in your contracting processes.

Written and peer reviewed by a diverse, global team that crosses multiple industries and jurisdictions. They are applicable in both common law and civil law countries. 

Use of the Principles not only demonstrates your willingness to view the pending relationship as a partnership, but it also cuts down on often contentious back and forth negotiations so business teams can get on with other critical opportunities.