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Drafting and Negotiating International Commercial Contracts Wednesday & Thursday, 11th & 12th July 2007, Mara Hotel Singapore One of the largest sources of commercial dispute litigation often arises
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How to fill out drafting and negotiating:

01
Understand the purpose: Before starting the process, it is essential to have a clear understanding of what needs to be achieved through drafting and negotiation. Determine the objectives and goals that you wish to accomplish.
02
Research and gather information: Conduct thorough research on the topic or subject matter to be addressed in the drafting and negotiation. Collect all the relevant data, legal information, and any other necessary documents that will be required during the process.
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Identify the involved parties: Determine all the stakeholders and parties involved in the drafting and negotiation. This includes individuals, organizations, or entities that have a vested interest in the outcome. It is crucial to understand their perspectives, needs, and expectations.
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Prepare a draft: Based on the information and research gathered, start preparing a draft of the document or agreement that will be negotiated. Ensure that it is clear, concise, and addresses all the necessary elements.
05
Seek legal expertise if required: Depending on the complexity of the drafting and negotiation process, it may be advisable to consult with a legal professional or seek their expertise. They can provide guidance and ensure that all legal requirements are met.
06
Collaborate and negotiate: Engage with the involved parties in a collaborative manner. Listen to their perspectives, concerns, and suggestions. Through effective communication and negotiation, work towards reaching mutually agreeable terms and conditions.
07
Revise and finalize: After going through the negotiation process, revise the draft document accordingly based on the agreed-upon terms. Be open to making necessary revisions and iterations to ensure that the final document represents all parties' interests accurately.
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Obtain signatures and approvals: Once the final draft is ready, secure all required signatures and approvals from all parties involved. This ensures the enforceability and legal validity of the agreement.

Who needs drafting and negotiating?

01
Businesses and corporations: Drafting and negotiating agreements are a common practice for businesses and corporations. They use this process to establish contracts with clients, suppliers, employees, or other parties, ensuring the terms and conditions are clear and mutually beneficial.
02
Legal professionals: Lawyers and legal professionals often engage in drafting and negotiating on behalf of their clients. Their expertise in legal matters ensures that the agreements are legally sound and protect their clients' interests.
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Government entities: Government bodies frequently participate in drafting and negotiating agreements with other nations, organizations, or entities. These agreements can encompass trade deals, diplomatic relations, or various collaborations.
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Individuals involved in personal or professional contracts: Ordinary individuals also encounter drafting and negotiating when dealing with personal or professional contracts, such as buying or renting a property, entering into a partnership, or negotiating terms of employment.
05
Non-profit organizations: Non-profit organizations engage in drafting and negotiating agreements for partnerships, fundraising events, grant applications, and other activities to ensure they function effectively and meet their mission.
In summary, anyone involved in establishing formal agreements or contracts can benefit from understanding and applying drafting and negotiating techniques. It is essential to have a clear understanding of the process and utilize effective communication and negotiation skills to achieve favorable outcomes.
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Drafting and negotiating involves creating legal documents and agreements, as well as discussing and reaching agreements with parties involved in a transaction.
Typically, legal professionals such as lawyers, attorneys, and legal advisors are required to handle drafting and negotiating.
Drafting and negotiating involves careful review of legal terms, negotiation of terms with other parties, and finalizing agreements in writing.
The purpose of drafting and negotiating is to create legally binding agreements that protect the interests of parties involved in a transaction.
Information such as terms of the agreement, parties involved, legal implications, and conditions of the transaction must be included in drafting and negotiating documents.
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