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In our last article, we discussed the importance of making sure that you can legally do business with a potential customer located outside the U.S. In other words, know your customer. When looking to expand your business in foreign markets,  it is equally important that companies use the same prudence with third-party consultants, contractors and joint venture partners. In other words, know your business partner. A little bit of due diligence on the front end can help avoid a host of problems down the road.

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