Law Firm Won, led by attorneys Yoon Gi-won and Lee Yoo-jung, announced on August 31 that attorney Kang Jung-woo has published a new book titled 'Conditions of Defense Export Contracts: Practical Contracting in International Defense Transactions.'
The book analyzes the legal and contractual risks associated with the increasing international defense transactions, particularly in light of the growing export of K-defense products in the global market. It serves as a practical guide that systematically outlines the essential conditions that must be considered in defense export contracts.
It covers a wide range of critical issues that may arise throughout the entire process of international defense transactions, including Incoterms (International Commercial Terms established by the ICC), governing law and the United Nations Convention on Contracts for the International Sale of Goods (CISG), letters of credit and independent bank guarantees, export controls, offsets, technology transfers, and follow-on support.
Kang has observed numerous domestic companies and institutions with world-class technology and competitiveness facing unexpected disputes and losses due to neglecting the importance of contract design in defense procurement and litigation.
To address this, he wrote the book not just to provide simple contract drafting tips, but to convey the principles of designing contract conditions that can prevent and effectively respond to risks encountered in the field of defense exports.
Moreover, the book does not stop at theoretical explanations of each contract condition; it also introduces key case law from South Korea's Supreme Court and lower courts, as well as significant rulings from the United States, the United Kingdom, Germany, Japan, and the European Court of Justice, allowing readers to understand defense contract practices from an international perspective.
Additionally, it includes examples of defense export contracts, step-by-step checklists, and an English contract expression glossary, providing practical resources for corporate practitioners and legal professionals to utilize directly in their work.
Law Firm Won offers advisory and litigation services across the defense and defense industry, focusing on defense exports, defense procurement, defense regulations, international contracts, and export controls.
Lee Yoo-jung emphasized, 'As K-defense continues to grow globally, the legal issues faced by defense companies are becoming increasingly complex. Law Firm Won will continue to provide specialized legal services to support the ongoing growth and global expansion of the defense and defense industry.'
* This article has been translated by AI.
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