INBS 346--Chapter 9, Ball et al

INBS 346--Chapter 9, Ball et al - Chapter Nine Chapter...

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Chapter Nine Chapter Nine Intellectual Property and Other Legal Forces
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1-2 9-2 International Legal Forces International Legal Forces h Rule of law allows foreign businesses to know interests will be protected 9 Public International Law h Legal relations between governments 9 Private International Law h Laws governing transactions of individuals and companies that cross international borders
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1-3 9-3 Sources of International Law Sources of International Law h The most important source of law is found in bilateral and multilateral treaties between nations 9 Treaties are agreements among countries, which may be bilateral (between two countries) or multilateral (involving more than two countries); also called conventions, covenants, compacts, or protocols 9 United Nation’s International Court of Justice creates law when it decides disputes
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1-4 9-4 Extraterritoriality Extraterritoriality h Extraterritoriality refers to a country’s attempt to apply its laws to foreigners or nonresidents and to acts and activities that take place outside its borders 9 Not done through force, but by traditional legal means
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1-5 9-5 International Dispute Settlement International Dispute Settlement h Litigation in the United States 9 Well-developed court systems that facilitate litigation 9 One reason many people outside the U.S. dislike litigation in the U.S. is the process of discovery 9 Unlike most other countries, the U.S. has two major court systems 9 The federal court system and the state court systems
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1-6 9-6 Performance of Contracts Performance of Contracts h United Nations solution 9 Many countries, including the U.S., have ratified the UN Convention on Contracts for International Sales of Goods (CISG) 9 CISG established uniform legal rules to govern international sales contracts and the rights and obligations of the buyer and seller 9 CISG is automatically applied to all contracts
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1-7 9-7 Performance of Contracts Performance of Contracts
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INBS 346--Chapter 9, Ball et al - Chapter Nine Chapter...

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