The contract with the foreign partner under the new rules

The problems of conclusion of contracts with foreign partners taking into account of changing of provisions of the Civil Code of the Russian Federation having meaning for the participants of foreign economic activities are considered in the article. First, the contracting parties face with the need to determine the applicable law. With this in mind, it includes the necessity recommendations which should be guided to understand the current system of rules of arranging an agreement. Repeal of the norm on obligatory written form of a foreign economic transaction allows negotiating a contract with a foreign partner by word. The specific recommendations when conducting negotiations with foreign partners and the organization of contract work provide for the Russian participants of foreign economic activities. It appears that the suggested proposals will help to the contracting parties to ensure the validity of the foreign economic transactions.