Practice Notes

IBR Practice Notes are an essential part of IBR’s work to encourage and guide companies to act responsibly when doing business in Iran. IBR Practice Notes bring users the learning from existing company practice in challenging environments worldwide together with detailed insights on how these practices may be usefully applied in Iran so that companies can formulate effective strategies to address the specific challenges to responsible business in Iran. IBR Practice Notes are available as an online interactive feature, as a report and as a slide presentation.

PRACTICE NOTE #1: Managing Risks From Business Relationships In Iran

November 2018

One of the key risks for companies doing business in Iran—or any market where business practices do not adhere to international standards—is working with local business partners and suppliers. In this Practice Note, IBR uses real company practice as the basis for suggesting a three-part approach to addressing partnering risks. It details measures companies can take in the partner selection process, in the preparation and design of contracts, and in the ongoing support companies give their partners. Combining real company practices with strategies necessary for the Iranian context, this Practice Note includes an interactive online feature that allows users to quickly access practice examples and areas of interest, a comprehensive Practice Note report for easy downloading and a slide presentation ready-to-use for internal company use and knowledge-sharing.

PRACTICE NOTE #1: Managing Risks From Business Relationships In Iran