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Contracting Principles

IACCM has developed and endorsed the 'IACCM Contracting Principles.'

These principles are intended as industry guidelines that support the drafting of contract clauses and the negotiation of terms and conditions. The guidelines aim to reduce the need for negotiation on these issues and shorten cycle time to signature.

Those who accept the IACCM Contracting Principles are free to use them on a case by case basis and as they deem appropriate; however, it is expected that the benefits of their use will be maximized when both parties to a transaction agree to rely on them and draft the relevant clauses accordingly. In addition, these principles are not intended to constitute formal legal advice.

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