Common Contracts
1 similar null contracts
DRAFTING AN INTERNATIONAL BUY-BACK AGREEMENTDecember 28th, 2004
Abstract. In the buy-back agreement as a variety of generic countertrade transactions one party supplies a production facility (plant, mine, turn-key factory etc.), and the parties agree that the supplier will, in return, buy predetermined quantity of products resulting form the production facility. As an innomminant contract in domestic legislation the buy-back is used in many countries as a good tool for increasing foreign investments and industrial development of the country economy. The complicated multicontractual structure of the entire arrangement, the question of interdependence of obligations from the primary and secondary contracts and the protection of the interests of domestic contractual party are the main reasons for studying the legal structure and technique for drafting buy-back contracts.
