Legal Question in International Law in Colorado
How do I ensure my commission in an international deal?
I get inquiries from agents from other countries who want to purchase chemicals manufactured in the United States on behalf of the real buyers in their countries.
I tell them that they will have to every month (legally binding) a certain number of metric tons.
However, usually they want to place a trial order of 1 MT to test quality of material, shipping and handling quality, etc. (which is normal practice in this industry).
My questions are:
� I have formed an S-Corporation but it is meant for my other business (online baby supplies store). Can I do these deals under this corporation or do I have to create a new corporation?
� What document(s) or procedure is there so that I get my commission out of the first trial order in an international deal which is legally binding upon them so they MUST pay my commission?
� And more importantly, how do I ensure that the foreign agent is legally bound to pay my commission after they know the real seller�s information from the first trial order (which they will definitely because of how the international deals work)
1 Answer from Attorneys
Re: How do I ensure my commission in an international deal?
You can use your S-Corp or not. It depends on whether you want to mix in the liabilities of this business with the liabilities of the online business.
On enforcement of your deals, there are a variety of factors at play, most importantly the ability to either enforce your contract overseas or to hail your supplier into U.S. court. You seriously need to discuss this with an attorney knowledgeable in this area of the law.
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