When dealing with overseas sellers and buyers how do you prevent either from cutting you out of a deal when you have done all the work!!!

In general this is a one of the risks of doing business with people you don't know or have not done business with before. It is a given in our profession that we will deal with many unscrupulous types. Drafting contracts in my experience is a general procedure but unless it is enforceable is not really a solution. If you are dealing with buyers from 3rd world countries then its practically as waste of time. No easy answer to this question. Rely on integrity and don't be surprised to be disappointed. Its part of the risk of doing business.

Thanks for your reply. I have many offers to buy or sell but many times after a great deal of time on my part meeting all the criteria of the offers the response is 'thanks but no thanks'.

Is there a way other than contracts in the early stages of securing commitment from new bussiness opportunites that will weed out the timewasters.

If anyone has any techniques that work well for them and wish to share, please be my guest

Quoting from [Taggman]:

When dealing with overseas sellers and buyers how do you prevent either from cutting you out of a deal when you have done all the work!!!

You should always be prepared. Just think for a second, NEGOTIATIONS begin whoever make the first contact that being the buyer or seller. In other words, when you receive an inquiry, someone just opened negotiations with you. You need to understand the negotiation process of your product for price, value (good service), honesty, you are not a risk to your sellers or buyers.

To learn more, go to eyesonsales.com

May be they don't want to trade with you at all!are they only want to know the price?Or maybe they want to cheat you ,when you tell him the price or other term they found that you are not an easy man ,so they give up!
I met some like this too,and I felt very sad,but I could do nothing.

in the 3rd world,especially in the africa, it is thougt that no integrity is the destined in Alcoron .how do you treat those people? only in this way,strictly control the distance between the seller and the buyer.

That's no way but you don't give up any choice.

Normally through signing from both parties Ncnda and Imfpa contract and notarize the signatures and deposit to the bank of seller you can be quite sure not be cuttoff from the parties.

Althought better of all is to knows the parties and trust.

 

How about : read more in  Due Diligence  and  Law &Contract  forums ?


There is no Lucky blow  in  Professionalism  in each any business line.


Dedication, hardworking, learn more,  strong motivation, self confident

Not must smart but Diligent will bring a success at some day. if you never

wasting time and chance.


Commitment that is the word for it.  Your self, Job & Peoples.