We were once negotiating an agreement for one of the world’s most famous singers who was performing in Mumbai. Trust us, we don’t need to put that into the contractThis statement should raise a hundred red flags. I often find people being asked to leave things out of an agreement because the relationship is based on a friendship. Applicable law: When the parties to an agreement belong to two or more countries, it is important to state which law will apply. Otherwise, the final version may contain changes that were not agreed to, and I have seen unscrupulous parties do this.