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© 2011 South-Western | Cengage Learning Legal Agreements Around the World 8-1 8-1International Legal Systems and Liability 8-2 8-2Property And Contracts 8-3 8-3Resolving Legal Differences CHAPTER 8
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 2 8 LESSON 8-1 International Legal Systems and Liability GOALS Identify and describe the legal systems upon which international law is based. Explain product liability.
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 3 8 Legal Systems Civil law Common law Statutory law
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 4 8 Lawmaking Bodies of the Ten Most Populous Countries RankCountryLawmaking Body 1ChinaNational People's Congress 2IndiaParliament 3United StatesCongress 4IndonesiaHouse of Representatives 5BrazilNational Congress 6PakistanParliament 7BangladeshNational Parliament 8NigeriaNational Assembly 9RussiaFederal Assembly 10JapanDiet Source: CIA World Factbook
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 5 8 Liability Liability is a broad legal term referring to almost every kind of responsibility, duty, or obligation. Liability for debt, loss, and injury Product liability Negligence Strict liability
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 6 8 LESSON 8-2 Property And Contracts GOALS Explain laws and international trade agreements that protect property rights. Describe when an agreement has all of the components of a contract.
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 7 8 Property Rights and Responsibilities Property law Intellectual property Patents Trademarks Copyrights
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 8 8 Components of a Contract Capacity Mutual agreement Consideration Legal purpose
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 9 8 Contract Law A contract is a legally enforceable agreement between two or more persons either to do or not to do a certain thing or things. An implied contract is one that is not explicitly agreed to by the parties but is inferred either from the parties’ conduct or from the law. An express contract is one whose terms are openly declared, either orally or in writing.
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 10 8 Treaties and Trade Agreements World Trade Organization (WTO) European Union (EU) North American Free Trade Agreement (NAFTA)
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 11 8 LESSON 8-3 Resolving Legal Differences GOALS Identify several different ways to resolve international legal disputes. Explain the litigation process. Describe the role of the International Court of Justice in international business.
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 12 8 Resolving Legal Differences Without Court Action Mediation Arbitration Using Court Action Litigation
INTERNATIONAL BUSINESS, 4e CHAPTER © 2011 South-Western | Cengage Learning SLIDE 13 8 The International Court of Justice Established by the UN Charter in 1946 Sits in The Hague Settles disputes between nations Advises UN on matters of international law
© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON8-1 GOALS Identify and describe the legal systems upon which international law is based. Explain.
LEGAL AGREEMENTS AROUND THE WORLD. International legal systems and liability Property and contracts Resolving legal differences Legal Agreements Around.
International Legal Systems and Liability. When businesspeople conduct business in a country other than their own, they must observe the laws of the host.
McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6 Overview and Formation of Contracts.
Chapter 15 Legal and Ethics ©McGraw-Hill Education. All rights reserved.
Law for Business and Personal Use © Thomson South-Western CHAPTER 12 Sales Contracts 12-1Sales 12-2Special Rules for Sales Contracts.
International Marketing: Chapter 7 Key Concepts Bases for legal systems International legal dispute situations Jurisdictional clause Conciliation/mediation,
Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall. 8-1 Chapter 5 International and World Trade Law.
Copyright © 2010 South-Western Legal Studies in Business, a part of South-Western Cengage Learning. and the Legal Environment, 10 th edition by Richard.
© 2011 South-Western | Cengage Learning Government and Global Business Political Environment and Global Business How Government Discourages.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 5 International.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 4E, by Henry R. Cheeseman Chapter 9 International.
Chapter Nine Intellectual Property and Other Legal Forces McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.
LAW FOR BUSINESS AND PERSONAL USE © SOUTH-WESTERN PUBLISHING Chapter 4 Slide 1 The Court System Dispute Resolution and the Courts Federal.
CHAPTER 3 INTERNATIONAL LAW DAVIDSON, KNOWLES & FORSYTHE Business Law: Cases and Principles in the Legal Environment (8 th Ed.)
DR. KEVIN J. FANDL AMERICAN PUBLIC UNIVERSITY Treaty Law and Dispute Settlement.
Law for Business, 15e by Ashcroft Chapter 5: Nature and Classes of Contracts Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies in Business,
Chapter 6 Overview and Language of Contracts Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.
Copyright © 2006 by Pearson Prentice-Hall. All rights reserved Slides developed by Les Wiletzky PowerPoint Slides to Accompany ESSENTIALS OF BUSINESS AND.
VOID AND ILLEGAL CONTRACTS LAW OF CONTRACT 1. S 2(g) of the Contract Act A void contract is an agreement that is not enforceable by law 2.
Business Law and the Regulation of Business Chapter 9: Introduction to Contracts By Richard A. Mann & Barry S. Roberts.
Chapter 06 International and Comparative Law Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Legal Forces McGraw-Hill/Irwin International Business, 11/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. chapter ten.
Published by Flat World Knowledge, Inc. © 2014 by Flat World Knowledge, Inc. All rights reserved. Your use of this work is subject to the License Agreement.
Chapter 31 Agency Formation and Duties BUSINESS LAW: Text & Cases Legal, Ethical, International, and E-Commerce Environment 11 th Ed. Copyright © 2009.
Dispute Resolution…. AGENDA February 25, 2013 Today’s topics Taking care of each other Legal Methods for Resolving Disputes Organization of the.
Essentials Of Business Law Chapter 6 Introduction To Contracts McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 5 International Business. Government and International Business Government policies and regulations affect all aspects of importing and exporting.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 1 The Nature and Sources of Law Twomey Jennings Anderson’s Business.
Section 4.1 Agreements and Contracts Section 4.1 Agreements and Contracts A contract is any agreement enforceable by law.
© South-Western Educational Publishing GOALS LESSON 2.1 CONTRACT LAW FOUNDATIONS Know the six essential elements of a legally enforceable contract
Contact with the civil law. outcomes By the end of this lesson, you will Know the difference between criminal law and civil law Understand nature of contracts.
SUPRANATIONALISM >> cooperation over conflict…. How Many Americans View the World.
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
International Political and Legal Environments. Doing business abroad is risky. Political risk Economic risk Commercial risk Regulatory risk Legal risk.
LEGAL ISSUES IN INTERNATIONAL BUSINESS Jack Friery SDSU Extension--ACM Jack Friery 1.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities 4-3.
Ag Business. A social agreement between 2 or more parties which sometimes may not be legal A legally binding agreement that is enforceable by law. Definition:
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
The International Legal Environment: Playing By the Rules Chapter 7 McGraw-Hill/Irwin© 2005 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 15 Legal & Ethical Issues. Awad –Electronic Commerce 1/e © 2002 Prentice Hall 2 OBJECTIVES Ethical Issues –What is Ethics? –Major Threats –Improving.
Slides developed by Les Wiletzky Wiletzky and Associates Copyright © 2006 by Pearson Prentice-Hall. All rights reserved. International and Comparative.
WHO OWNS KNOWLEDGE? ETHICAL AND LEGAL ISSUES CHAPTER 14.
Chapter 3 The American Judicial System, Jurisdiction, and Venue
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 7 The Legal Environment of International Trade Twomey Jennings.
Civil vs. Common Law Civil LawCommon Law Most industrial nations U.S., Canada, UK Comprehensive code Case precedents Clear, but often rigid Confusing,
CHAPTER 1 The sources and institutions of employment law.
By the end of this chapter, you should be able to: LO1 Explain the function and purpose of the criminal justice system. LO2 Explain the rule of law.
Corporate Legal Environment Law pooja sharma1. What is Law…………….. Law is a Body of Rules……….. Purpose To govern the society….. They are made by Governing.
International Law. Public vs. private Public: rights between nations, or nations and citizens of different nations Private: controversies between private.
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