AbstractIn the late 1950s, some contracts were invented in the field of armaments sale whichlater their usages became common in sale of expensive hi-tech items such assatellite, submarine, military and commercial aircrafts. The purpose of the offsetcontract is to reduce stress and unpleasant economic ...
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AbstractIn the late 1950s, some contracts were invented in the field of armaments sale whichlater their usages became common in sale of expensive hi-tech items such assatellite, submarine, military and commercial aircrafts. The purpose of the offsetcontract is to reduce stress and unpleasant economic or political consequenceswhich are originated from macroeconomic costs spent for exporting the expensiveitems. In these contracts which are known under the title of “offsets”, “industrialpartnership”, “industrial compensations”, the shopper -who usually is government- purchases the services and expensive industrial goods provided that series ofremedial and reciprocal commitments are conducted by another party. Theinteraction between the purchase and remedial obligations, makes these formulascomplex. In this essay, not only am I going to explain a short story, concepts, statusof the offset contract in mutual trade, types of offset contracts, mutual and remedialexporter’s obligations, but also I am going to examine the nature and relation ofsuch contracts under the title of complex contract while having a legal analysisapproach.