text: contract. Thedocument shouldsetforth,inalegally accurate form,the namesoftheparties, indicate theiraddresses, recordthefactthatthe parties haveentered intoacontract, briefly describe thesubject-matter of thecontract, andbesignedbytheparties. Itshouldalsosetforththedate onWhich, andtheplacewhere,thecontract wassigned, andthetimewhenit istoenterintoforce. Subsequent reference inthecontract totheparties maybefacilitated iftheprincipal document wouldspecify thatinthe subsequent textandinthesubordinate documents theparties wouldbereferred tobyagreedabbreviations orbyexpressions suchasexporter, importer, counter-exporter, counter-importer, trading house. Apartymayhaveseveral addresses (e.g.,theaddress ofitsheadoffice, theaddress ofabranch through whichthecontract wasnegotiated) anditmaybepreferable tospecify inthedocument theaddress towhichnotifications directed toapartyshould besent. 14. Parties tocountertrade transactions areusually legalentities. In suchcasesthesourceoftheirlegalstatus(e.g.incorporation underthelaws ofaparticular country) may besetoutinthecontract. Theremaybe limitations onthecapacity oflegalentities toenterintocontracts. Therefore, unlesssatisfied oftheotherparty's capacity toenterintothe contract, eachpartymaywishtorequire fromtheothersomeproofofthat capacity. Ifapartytothecontract isalegalentity, theotherpartymay wishtosatisfyitselfthattheofficial oftheentitysigning thecontract hastheauthority tobindtheentity. Ifthecontract isentered intoby an agentonbehalfofaprincipal, thename,address andstatusoftheagentand oftheprincipal may beidentified, andevidence ofauthority fromthe principal enabling theagenttoenterintothecontract onitsbehalfmay be annexed. D.Notifications 15. Inacountertrade transaction apartyfrequently hastonotifythe otherpartyofcertain eventsorsituations. Suchnotifications maybe required, forexample, toinitiate negotiations fortheconclusion ofasupply contract, tofacilitate cooperation intheperformance ofthecontract, to enablethepartytowhomnotification isgiventotakeaction, asthe prerequisite totheexercise ofaright,orasthemeansofexercising a right. Theparties maywishtoaddress andresolve intheircontract certain issueswhichariseinconnection withsuchnotifications. 16. Intheinterests ofcertainty, itisdesirable torequire thatall notifications referred tointhecountertrade transaction begiveninwriting, although incertain casesrequiring immediate actiontheparties maywishto provide thatnotification canbegivenorallyinpersonorbytelephone, tobe followed byconfirmation inwriting. Theparties maywishtodefine"writing" (seeparagraph 21below)andto.specify theacceptable meansofconveying written notifications (e.g.,surface mail,airmail, telex,telegraph, facsimile, electronic datainterchange (EDI». However, careshouldbetakenA/CN.9/332/Add.3 English Page6 nottosolimitthemeansofnotification that,ifthemeansspecified isnot available, novalidnotification couldbegiven. Theparties mayalsowishto specify thelanguage inwhichnotifications aretobegiven(e.g.,the language ofthecontract). 17. Withregardtothetimewhen anotification istobeeffective, two approaches maybeconsidered. Oneapproach istoprovide thatanotification iseffective uponitsdispatch bythepartygivingthenotification, orafter thelapseofafixedperiodoftimeafterthedispatch. Alternatively, the parties mayprovide thatanoticeiseffective onlyupondelivery ofthe notification tothepartytowhomitisgiven(seeparagraph 21below). Under theformerapproach, theriskofafailure totransmit oranerrorbythe transmitting agencyintransmission ofthenotification restsonthepartyto whomthenotification issent,whileunderthelatterapproach itrestsonthe partydispatching thenotification. Theparties mayfinditadvantageous to selecta means oftransmitting thenotification whichprovides proofofthe dispatch ordelivery, andofthetimeofdispatch ordelivery. Another approach may betorequire thepartytowhomthenotification isgivento acknowledge receiving thenotification. Itmay beconvenient forthecontract tocontain ageneral provision totheeffectthat,unlessotherwise specified, oneortheotherapproach withrespect towhen anotification becomes effective (ondispatch ordelivery) istoapplytonotifications referred to inthecontract. Exceptions tothegeneral approach adopted maybe appropriate forcertain notifications.
analysis: This text appears to be a legal document, specifically a contract template, related to international trade. It provides guidelines for the parties involved, outlining the requirements for notifications, addresses, and other essential details. The language used is formal and technical, suggesting a professional or business context.