During negotiation, the opinions expressed and other information provided by the parties hold significant legal value and can be considered as integral parts of the contract. This applies not only to the written contract itself but also to any agreements made through mediums such as emails, letters, faxes, and invoices, especially in the context of international trade.
In international trade, the validity of contract provisions extends beyond what is explicitly stated in the written contract. It encompasses agreements reached through various forms of communication, such as letters or emails exchanged between the parties. Even if a provision is not explicitly included in the written contract, if it is established during the negotiation process, it will still be considered a binding part of the contract and will be enforceable in the future.
Given the legal significance of these communications, it is crucial to meticulously preserve all relevant records, including letters, emails, faxes, and even text messages. These records serve as vital evidence in the event of any legal disputes or lawsuits. Therefore, parties involved in negotiations must ensure that all communication records are carefully maintained and readily accessible.
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