Summary

When doing business abroad, foreign investors, in particular construction contractors participating in tender proceedings abroad, regularly rely on agents or intermediaries familiar with local laws and customs. For the purpose of this article, we will refer to such contracts as agency agreements and to the parties as agent and principal. The nature and qualification of these agreements will vary according to the applicable law, but is not relevant for the purpose of this article. Such agreements, like most international commercial contracts, regularly embody an agreement to ...