The document discusses international sales and services contracts. It provides an overview of the typical structure of international business contracts, including headings, parties, clauses, and signatures. It also describes common clauses used in international contracts such as exemption, indemnity, warranty, and penalty clauses. Additionally, the document discusses fundamentals of international private law, applicable law, jurisdiction, and the recognition and enforcement of foreign court rulings and arbitral awards. It provides information on the United Nations Convention on Contracts for the International Sale of Goods and regulations in the European Union that govern applicable law, competent courts, and recognition across borders.