This note provides guidance on the formand content of contracts between investors and governmentspertaining to agricultural investments. The best guaranteeof positive benefits from foreign investment is a solidfoundation of domestic laws that are properly enforced. Inmany developing countries, however, the necessary domesticlaws may not be in place or may not be sufficientlydetailed. Even when they are in place, they may not beimplemented or enforced. Contracts can help fill the gaps indomestic laws by providing more detailed guidance on whatshould be contained in the assessments, and usinginternational standards and best practice as the referencepoints. However, contracts need to be drafted carefully tomaximize benefits and reduce risks.
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