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Summer International Trade Externship

4 credit hours (3 clinical, 1 academic), Summer

During this 8-week program, Pace students work twenty-one hours per week at the Institute of International Commercial Law (IICL) at Pace Law School. Students are required to complete at least one piece of substantial legal work on an international commercial law topic of their choosing, under the supervision of the Institute, and will also have the opportunity to participate in program development and Institute activities. Students are also required to participate in a bi-weekly academic seminar at the Institute, where special attention is given to international commercial law and international arbitration topics. With approval, students can work their twenty-one hours per week in a law firm or corporation specializing in international trade law (or split their time between the Institute and a firm). Permission of the Institute is required.

For information regarding the International Trade Externship offered in the Fall and Spring semesters with Professor Valiquette, please click here.

Past Projects with IACCM:

Sustainability Clauses:

The IACCM ( and the IICL partnered on a project to conduct research regarding sustainability and stabilization clauses in international commercial contracts. The kinds of clauses examines those that address social issues, human rights, labor practices, and the environment, included those that set minimum standards for these areas and those that seek to limit the impact of future laws in order to protect the profitability of investment projects. This project examines the current practice and usage of these clauses, explores different clause variations, investigates the impact of various clause forms, ascertains academic and industry opinions about said clauses, and makes recommendations on the optimal language for these clauses in various types of contracts.

ADR Clauses:

The IACCM ( and the IICL have also partnered to conduct research on escalation (step) dispute resolution clauses used in international commercial contracts. Escalation clauses provide for disputes, arising out of said contracts, to be resolved through a sequence of steps, which are specified within the clause. The types of clauses examined will contain two or more steps comprised of any or all of the following: negotiation, mediation, arbitration or/and litigation. This project will analyze the contemporary usage of escalation clauses, investigate existing variations on these clauses, evaluate the impact of using one variation over another, explore the role the industry-type plays in affecting the application and success of such clauses, dissect the opinions of both professionals and academics with regard to these clauses, and provide recommendations on ideal language and structure templates for assorted but distinct industries engaging in these types of contracts. <Report and Powerpoint Presentation>

About IACCM (

Some quick facts:

  • Founded in 1999, with support from IBM, British Telecom, Marconi Communications, Hewlett-Packard, Siemens, Lucent Technologies.
  • 2000: Introduced the world's first global professional certification program.
  • 2001: Announced web-based skills assessment and organizational benchmarking tool
  • 2003: Developed the first on-line learning syllabus and commercial contracting 'body of knowledge'
  • 2004: Introduced Corporate Member program, attracting more than 120 international companies and organizations
  • 2005: First Academic Forum
  • 2006: Created on-line 'communities of interest' to support targeted communications and dynamic research
  • 2007: Issued Capability Maturity Model to allow robust assessments of organization and process performance

IACCM Objectives:

  • IACCM provides the services and knowledge required to enable organizational and professional excellence in contracting and commercial management
  • Define and promote the role of contracts and negotiation professionals in industry and commerce.
  • Enhance the skills and knowledge of members by enabling information exchange and ensuring the availability of appropriate, structured education and training.
  • Enhance employment opportunities for members and attract and facilitate the entry of new recruits to the profession.
  • Sponsor and support the development of working groups and research projects, which benefit individual members and their organizations.


With members from more than 90 countries and over 1,600 corporations, the association is leading the way in responding to the demands of global networked markets. Our membership is drawn from many industries and is made up of contract and commercial managers, negotiators, attorneys and supply chain professionals. More than 120 companies have now established Corporate Memberships, gaining enhanced services that support their performance and understanding of market trends.

IACCM has formed regional member networks for each major geographical area, and has volunteers around the globe acting as local contacts. Our working groups address the challenges of change and we undertake on-demand research addressing the burning issues that confront our members. For example, we have conducted extensive surveys on measurements, adding value, risk management, functional organization, education and training needs, and required skills, plus many specialist topics such as trends in global sourcing, negotiation, global pricing, Most Favored Customer clauses, the evolution of warranty terms and handling liability limits.

Registered as a "not for profit" organization, the association is managed by a small staff of dedicated employees, overseen by an elected Board of Directors. The Board is made up of senior executives from major international corporations, and includes executives from Europe, Asia and North America. Current and past Board members have been drawn from companies such as Accenture, Booz Allen Hamilton, BNSF, BT, Centrica, Cisco, Chevron, Dell, Fujitsu Services Limited, Hewlett-Packard, Honeywell, Lucent, MassMutual, Office Depot, Rockwell, Roche, Siemens Business Services, W.W. Grainger, TPI, and Wachovia. Board members also come from the academic world, such as Copenhagen Business School, Manchester Business School, and North Carolina State University.

Through our worldwide presence and networked technology, IACCM members gain access to the thought leadership and practical tools that are essential for competitiveness in today's fiercely contested global markets. We provide insight to the leading-edge contracting and commercial skills, policies, procedures and methods that are fundamental to managing enterprise and individual risks. This insight equips professionals and their leaders to implement best practice governance of contractual commitments and trading relationships.

By joining, you gain access to:

  • Original Research: fast, accurate, authoritative, affordable
  • Performance Benchmarks: organizational, procedural and individual assessments of effectiveness, contribution and improvement opportunities
  • Functional and Professional Development: global access to skills, subject matter experts, networked communities, learning materials, skills assessment and certification
  • Strategic Analysis and Insight: premium advisory and analytical services for executive audiences aspiring to competitive differentiation and organizational excellence
  • Project and Management Services: methodologies, assessments of tools and services, recruitment support

For further information, see