Hi, I would like to know if it's possible to have a signed agreement or contract with the two parties residing in 2 different countries. For example. United States and U.K. If so, will they hold up in some kind of legal system or court? Thank you to anyone who has advice.
Yes it can be done. The parties just need to specify what laws will apply (usually picking one country or other other to hear any disputes). For me, I would always insist that any action under the contract be brought where I live and would apply California law. Having some agreement where, to enforce my rights, I would be required to file a lawsuit in some other country is, to me, essentially worthless.
Yes, that's what I think as well. I want the laws in my state, which is New York to apply in contracts with overseas clients so thats why I am asking this question. So all I have to do is specify which laws and terms will go into effect if the deal turns sour and I will be okay? Thank you
Yes, generally, if the parties agree in a contract that all disputes will be heard in a certain jurisdiction and apply a particular set of laws, then that is what would happen. (I should clarify when I said I would insist on my jurisdiction and laws - I would only do that if we were specifying. Usually, I don't waste my time on that stuff because all the deals are way too small to ever end up in a court.)
Ah I see, thank you for the information, makes my life a little easier. Also, it'd be worth it for me since my deals are $1,000+ and I am not in the business of losing money and I like my money guaranteed as much as possible.
Keep in mind if you have to go there to sue him in his home country (usually) it is often more expensive then absorbing the loss.
"The laws of the State of New York, United States of America, shall apply to any and all disputes arising out of this contract." should suffice.