International Business Law (US company launching products to Japan) Essay

International Business Law (US company launching products to Japan) - Essay Example Wally Solar Manufacturer hereinafter referred to as â€Å"Principal†; a corporation organized and registered in accordance with the laws of _________, having a registered address at ____________ and herein represented by ___________. Japan Sun Power Ltd., herein after referred to as â€Å"Agent†; a corporation organized and registered under the laws of Japan, having a registered address at ____________ and herein represented by ______________; The whereas portion are still useful and may stand as is subject to styling later on. For purposes of document styling purposes, I would suggest that we should adopt the method of setting the provisions in sections instead of mere paragraphs. The rest of my comments and suggestions will now follow this format. Section 1. Statement of Purpose. As can be observed, your draft agreement has no statement of purpose. At the very start, the purpose of this agreement should be defined in order to set the mode. Thus, a section should be added right after the naming of parties as follows: Statement of Purpose. This agreement is entered into by the parties for the purpose of executing an agency to sell the product of WALLY SOLAR MANUFACTURER by Japan Sun Power ltd. within the Japanese territory. Section 2 Definitions of Terms. There is no definition of terms in your draft agreement. I believe that this should be included in your agreement to gain common understanding and limitations of terms used. We must seek to do away with ambiguities of terms right from the start since these ambiguities may later on cause misunderstandings and eventual legal disputes. Terms which should be defined may include words used in the agreement such as but not limited to the following: (a) products; (b) territory; (c) order; (d) day(s); (e) date of receipt of the product (f) advertising and promotion. WALLY SOLAR MANUFACTURER hereby appoints Agent as its exclusive sales agent and representative in