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Overseas contract.

Discussion in 'Living Room' started by geoffw, 30th Oct, 2015.

  1. geoffw

    geoffw Moderator Staff Member

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    Our startup received a draft of a contract from the US to sign. It had apparently been reviewed and double checked.

    Except for the bit that said that laws of the UNTIED STATES applied.

    So I guess that would make the contract non binding.
     
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  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Why do you think it would be non binding Geoff?
     
  3. geoffw

    geoffw Moderator Staff Member

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    Because it's untied.

    That was meant to be a joke btw.
     
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  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Thats a loose interpretation
     
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  5. geoffw

    geoffw Moderator Staff Member

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    I'm a frayed knot.
     
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  6. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Sounds like you are in a real bind here
     
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  7. geoffw

    geoffw Moderator Staff Member

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    You're not wrong.

    I'd say more but my hands are tied.
     
  8. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    So I am guessing you have no real attachment to the deal anymore?
     
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  9. See Change

    See Change Timing Lord Premium Member

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    Did they string you along at all ? The way you are in this thread .....

    Cliff
     
  10. geoffw

    geoffw Moderator Staff Member

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    If it fell through I'd be ropable.
     
  11. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    This story is riveting
     
  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Do the stripes on the flag of the untied states run vertically?
     
  13. geoffw

    geoffw Moderator Staff Member

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    I was just spinning a yarn.
     
  14. geoffw

    geoffw Moderator Staff Member

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    Only when it stays on the flagpole long enough.
     
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    So it's not colorfast either @geoffw ?
     
  16. geoffw

    geoffw Moderator Staff Member

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    It's a country where people will dye for their flag.
     
  17. Beelzebub

    Beelzebub Well-Known Member

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    Still binding. There's an issue when contracting transnationally as to what laws will apply when interpreting a contract. Basically it's still binding, but because it gets a bit more complicated as laws in each country are different. I'd guess there's something that would also state that the contract was taken to be signed in the US or something. My grandstanding is that is that if you get sued, it will be litigated in a US Court not an Aus Court.
     
  18. geoffw

    geoffw Moderator Staff Member

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    Yep, still binding.

    The mistake was in a draft. It was corrected before it was signed.
     
  19. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Good to see they didnt stitch you up
     
  20. Beelzebub

    Beelzebub Well-Known Member

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    Completely missed it. Oops