PRO-BONO PROJECT OF THE INTERNATIONAL TRADE CENTER – MODEL CONTRACTS HELP SMALL AND MEDIUM ENTERPRISES TO CLINCH TRADE DEALS
Experts of the International Trade Center (ITC) and lawyers from 51 countries have met in Geneva at the end of April 2009 in order to finalize model contracts for the use free of charge by small and medium enterprises in developing countries.
Following the invitation of the International Trade Center, Dr. Claudio Arturo, partner at Petsch Frosch Klein Arturo, joined the team of experts as the sole Austrian participant. All members of the team contributed their competent knowledge and time voluntarily.
Often small and medium enterprises in developing countries do not have access to the legal advice they would need, especially in view of the contractual constitution of their trade deals. In the current economic climate a lot of these SMEs strive for economic survival on the international markets. In order to fight resulting poverty and to strengthen the position of small exporters in relation to multinational enterprises the International Trade Center – which is a joint agency of the United Nations and the World Trade Organization– started the project for developing model contracts that can be used in any part of the globe for various economic sectors.
During the ITC Meeting in Geneva, more model contracts – e.g. for Joint Ventures, Distribution Agreements or International Sale of Goods – were prepared, each single contract is based on the professional experience and profound work of the participating experts and is equivalent to internationally-recognized standards. The new model contracts will be available for download on the website of ITC from June 2009 free of charge and in different languages.