IE Business School

International Contracts: from deal to design, from draft to disputes

IE Business School

Law

About Programme

As the scope of business transactions expands, so does the influence of the common-law world. No matter where in the world a deal takes you, the basic way of doing things is increasingly based on a common-law model inspired by City and New York law firms. Understanding this model is no longer optional—it's essential. Contracts written in English often reflect principles rooted in Anglo-American legal thinking, even when used in civil-law jurisdictions. Misinterpreting a seemingly standard phrase or clause can have serious consequences, from financial loss to damaged business relationships.

This program is an opportunity to delve deeply into the process of contract drafting and interpretation from a common-law perspective. Designed for legal professionals who regularly engage with international agreements, the course demystifies the language, structure, and logic of common-law contracts. We will explore some of the most frequently debated terms and their legal implications. What does "best efforts" really mean, and how does it compare to "reasonable efforts" or "commercially reasonable efforts"? What happens when a contract is silent on key points, and how are ambiguities typically resolved under common law?

Through a combination of real-world case studies, practical drafting exercises, and insights from experienced practitioners, participants will gain the tools to read and draft contracts with greater precision and confidence. You'll examine the lifecycle of international contracts, from negotiation and formation to enforcement and dispute resolution, including issues such as pre-contractual liability, the role of good faith, and the strategic use of boilerplate clauses.

By understanding not just the words on the page but the legal reasoning behind them, you will be better equipped to anticipate risks, protect your client's or organization's interests, and negotiate with greater strategic insight. Whether you're working with acquisition agreements, service contracts, or cross-border joint ventures, the knowledge gained in this program will empower you to navigate the complexities of international transactions with a solid foundation in common-law principles.

Programme Content

The program provides a practical and business-oriented approach to the drafting, interpretation and negotiation of international commercial contracts from a common law perspective.

Throughout the course, participants will explore the key principles that shape modern international agreements, gaining a deeper understanding of the legal concepts, drafting techniques and contractual structures commonly used in cross-border transactions.

From clauses governing obligations, liability and dispute resolution to the interpretation of terms such as "best efforts" and "commercially reasonable efforts," participants will learn how contractual language can influence risk allocation, commercial outcomes and legal enforceability.

By understanding the common law foundations that underpin many international contracts, participants will be better equipped to draft, review and negotiate agreements with greater confidence, precision and strategic awareness in a global business environment.

MODULE 1: BEFORE THE CONTRACT

Our Best Efforts to Define Best Efforts
Negotiation: Deals and Disputes
Pre-contractual good faith
Culpa in Contrahendo
Preliminary Documents
Capstone: Drafting Exercise: Letter of Intent or MoU

This module focuses on the pre-contractual stage, from initial negotiations to preparation of the various preliminary documents that often go before the final contract itself.

Does it make sense to include a best efforts clause?
Do I have to act in good faith when negotiating a deal?
And I always thought that a Letter of Intent was less binding than a Memorandum of Understanding…

MODULE 2: DRAFTING TOOLS AND TECHNIQUES

Structure and Organization
Building Blocks
Introductory Clauses
Operative Language
Boilerplate
Third party beneficiaries, assignment, and delegation
Capstone: Worst Contract in the World?

The second module covers the basics of contract structure, organization and drafting, focusing on the components that make up a contract and the terms used to signal each component. We will also consider contract boilerplate, the clauses which usually appear at the end of your document but are never looked at until there’s a problem.

So, what’s the difference between will and shall, anyway?
If I put a term in the recitals, is it always non-binding?
And what am I really prohibiting if I restrict assignment of the entire contract?

MODULE 3: RISK AND THE CONTRACT LIFE CYCLE

Risk Assessment
Representation, warranty, condition
Managing risk inside and outside the contract
Between signature and closing
Third party approvals and post-contractual covenants
Capstone: Malldevco

A contract is just one of the tools we can use to manage risk in a transaction. This module covers some risk-management mechanisms both inside and outside the agreement. We will also see what actions need to be taken as the legal relationship between the parties evolves over time.

Since representations and warranties always seem to go together, are they the same thing or different?
If penalty clauses are unenforceable but liquidated damages are OK, what’s the difference between them?
Is a contract clause always the best way to manage risk?

MODULE 4: CONTRACTS DISPUTE RESOLUTION

Litigation
Mediation
Conciliation
Arbitration
ADR Clauses
ICC Arbitration
Terms of Reference
Capstone: Arbitration Case Problem

While we hope that contracts will be performed and each party obtains what it sought from the deal, we know this is not always the case. This module covers the alternatives available to a party when a contract is breached, either in courts or using one of the methods of alternative dispute resolution.

Is a conciliator the same as a mediator?
What happens if I need to apply foreign law in a dispute being litigated before a US court?
I always thought arbitration proceedings were confidential…

Programme Audience

International contracts have become a critical component of global business operations. Whether negotiating commercial agreements, managing cross-border transactions or advising multinational organizations, professionals are increasingly required to understand how international contracts are structured, interpreted and enforced across different legal and business environments.

This program is designed for professionals who regularly work with international agreements and seek to strengthen their ability to draft, negotiate and manage contracts with confidence. Combining legal expertise with practical business insight, the program provides valuable tools for navigating the complexities of international commerce and reducing legal and commercial risk.

Practicing Lawyers

Lawyers working with international clients, cross-border transactions or multinational organizations will gain a practical understanding of international contract drafting and interpretation. The program is particularly valuable for legal professionals seeking greater exposure to common law concepts, international commercial practice and contract negotiation techniques.

In-House Counsel

Corporate legal teams play an increasingly strategic role in supporting business growth and managing risk. This program equips in-house counsel with the skills needed to review, negotiate and manage international agreements, while balancing legal protection with commercial objectives in a global business environment.

Executives and Senior Management

Business leaders involved in international operations, partnerships, procurement or strategic transactions can benefit from a stronger understanding of the legal mechanisms that underpin commercial relationships. The program helps executives make more informed decisions, identify contractual risks and engage more effectively with legal teams and external advisors.

Entrepreneurs and Business Consultants

Entrepreneurs, founders and consultants involved in international trade, investment or business expansion will develop the knowledge needed to navigate contractual negotiations and protect their interests in cross-border transactions. Understanding the legal foundations of international agreements can be a key advantage when entering new markets or building global partnerships.

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Prashansa Uttam

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+91 9403890085[email protected]Mon – Fri, 9am – 5pm IST

IE Business School

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International Contracts: from deal to design, from draft to disputes | IE Business School