Practical Guide to Contracts in Chile

When contracting in Chile there are several clauses that you will come across and others that you will want to add because they are not specifically regulated by law. Typical clauses that you will find in Chilean contracts that are important refer to penalties, insurance, limit of liability, indemnities, Industrial relations, and performance bonds.

For companies that originate from common law countries, you may not find some of the clauses you would typically be concerned with and may be important to negotiate (and/or add) are those relating to Liquidated Damages and Consequential Losses.