Summary: International credit sales add significant risk to exporters. Credit managers of exporting companies selling to the Mexican market must understand such risks and put a strategic plan in place to mitigate them. This article discusses the strategy and plan to support credit sales to Mexican customers in a safe way for business success.
Day: October 20, 2021
Summary: Creditors who extend credit and loans require reliable and cost-effective security devices to protect them against non-payment. The pagare in Mexico is a convenient tool. Therefore, this article explains: 1) the rules that affect international promissory notes to be enforced in Mexico; 2) the laws that govern pagarés in Mexico; 3) the basic drafting of pagarés in Mexico; and 4) issues to consider before executing pagarés to be enforced in Mexico.