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Is Price Inflation an Excuse to Not Perform in International Trade & Transaction? An Analysis of Two Important Clauses And Their Outcomes

August 14, 2022 By cueto

By Davy Karkason Esq. In providing products in international trade when prices are rising, defendant who is performing the contract can have a defense of impractability. However, what do you do when the price of the contract is fixed during inflation when there is a purchase order or price of the goods was already agreed on? What clauses can be overlooked and should be implemented in order to solve this particular issue? 1. AN ESCALATOR … [Read more...]

ABOUT SANTIAGO A. CUETO
Editor
Board Certified International Law Expert and Founding partner Santiago A. Cueto focuses his practice on international business law with an emphasis on international business litigation, arbitration and transactions. His practice is based in Miami, Florida. Read More
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