Step up to Saxion. Course Introduction to International Business Law Lecture 2.

Slides:



Advertisements
Similar presentations
Chapter 8 Export Business Negotiation and Conclusion of Contract Abstract: This chapter tells the general procedures of business negotiation, the basical.
Advertisements

DuRanda Smith’s Jeopardy Review Game for Contract Law
Business Law Chapter 2: Offers. Introduction to Offers How definite must an offer be? What does the law require for a valid offer?
Formation of Contract Offer + Acceptance = Contract.
Step up to Saxion. Course Introduction to International Business Law Lecture 3.
Business Law: Ch 6 Offer and Acceptance.
CHAPTERCHAPTER McGraw-Hill/Irwin©2008 The McGraw-Hill Companies, All Rights Reserved Offer ONEONE.
Agreement and Consideration in Contracts Chapter 7.
PROMISSORY LIABILITY CREATING LIABILITY FOR PROMISE Mutual Assent Reliance Benefit Conferred + Promise Offer Acceptance Consideration Promissory Estoppel.
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.
Chapter 7 Contracts: Classification, Agreement, and Consideration
Chapter 6: Contract Law Law in Society
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
Contracts. A contract… is any agreement enforceable by law.
Offer and Acceptance As a first step in the making of a contract there must be a ‘lawful offer’ by one party and a ‘lawful acceptance’ of the offer by.
Contract Law for Paralegals: Traditional and E-Contracts © 2009 Pearson Education, Upper Saddle River, NJ All rights reserved Agreement Chapter.
Lecturer: Miljen Matijašević G10, room 6, Tue 15:30-16:30 Session 6, 25 Nov 2014.
Acceptance The common law (the United States) The common law (the United States) CISG CISG.
Chapter 2.  The first essential of a valid contract is an agreement i.e., offer and acceptance. An agreement arises when one party makes an offer and.
Chapter 6 Contracts: Nature, Classification, Agreement and Consideration.
Business Law Chapter 1: An Introduction to Contracts.
Chapter 7 – Offer and Acceptance
Contracts: Concepts, Terms, and the Agreement
How Contracts Arise Chapter 5 Business Law.
Contracts Mr. Dukes Business Education & Computer Science.
ENTERING INTO CONTRACTS
The Law of Contract Unit 1.
Offer and Acceptance Chapter 6. Because of its limited resources the court system is very selective in what it will enforce. Criminal laws and laws allowing.
Prepared by Douglas Peterson, University of Alberta 7-1 Part 3 – The Law of Contract Chapter 7 An Introduction to the Legal Relationship.
NEW CODIFICATION OF PRIVATE LAW IN THE CZECH REPUBLIC Impact on Contract Law.
Part 3 – The Law of Contract Prepared by Michael Bozzo, Mohawk College Chapter 7 – An Introduction to Contracts © 2015 McGraw-Hill Ryerson Limited 7-1.
© 2008 West Legal Studies in Business A Division of Thomson Learning 1 BUSINESS LAW TODAY Essentials 8 th Ed. Roger LeRoy Miller - Institute for University.
Contract Basics Business Law. From tort law to contract law TortContract What binds individuals Laws of society, as defined by statutes and precedents.
Chapter 2: Resolving conflict: non-legislative methods Resolving conflict: non-legislative methods What is a conflict? Conflict resolution Non-legislative.
Section 4.1 Agreements and Contracts. Section 4.1 Agreements and Contracts.
 A contract is any agreement enforceable by law.  There are 3 theories behind contract law: 1. Equity Theory of Contract: whether parties to a contract.
Section 4.1 Agreements and Contracts Section 4.1 Agreements and Contracts A contract is any agreement enforceable by law.
Business Law Chapter 7 Review Game. Creation of Offers Termination of Offers Acceptance Final Jeopardy Jeopardy.
Prepared by Michael Bozzo, Mohawk College Part 3 – The Law of Contract Chapter 8 – Requirement of Consideration © 2015 McGraw-Hill Ryerson Limited 8-1.
Business Law Chapter 3: The Legal Concept of Acceptance.
Agreement By Dhoni Yusra. Introduction Contracts are voluntary agreements between the parties. One party makes an offer that is accepted by the other.
Fundamentals of Business Law Summarized Cases, 8 th Ed., and Excerpted Cases, 2 nd Ed. ROGER LeROY MILLER Institute for University Studies Arlington, Texas.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 7 Contracts: Nature and Classification.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 10 Agreement Chapter 10 Agreement.
Contracts Test #1 Review Chapters 7-9 Gary Nelson.
Nature and Terminology and Agreement in Traditional and E- Contracts Chapter 11 & 12.
Step up to Saxion. Course Introduction to International Business Law Lecture 5.
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 Chapter 10 Contracts: Agreement Chapter 10 Contracts: Agreement.
P A R T P A R T Contracts Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent 3 McGraw-Hill/Irwin.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 8 Contracts: Agreement and Consideration.
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.
CHAPTER 5 Contracts. Contract- is any agreement enforceable by law Offer- is a proposal by one party to another intended to create a legally binding agreement.
Offer and Acceptance Chapter 6 – Contract Law. Contract – an agreement between two or more parties that creates obligation.
Step up to Saxion. Course Introduction to International Business Law Lecture 4.
LEGAL ASPECTS OF BUSINESS CONTRACTS. Objectives I. Define a simple contract. II. Identify the seven (7) basic elements of a simple contract. III. State.
Indian Contract Act 1872 An act meant to ensure that rights agreed between parties in a contract are legally enforced.
Copyright © 2010 South-Western Legal Studies in Business, a part of South-Western Cengage Learning. and the Legal Environment, 10 th edition by Richard.
LAW FOR BUSINESS AND PERSONAL USE © SOUTH-WESTERN PUBLISHING Chapter 9Slide 1 When Is Consideration Not Required? Identify when promissory estoppel applies.
CONTRACTS Chapter 5 - Section 5.1. ELEMENTS OF A CONTRACT Offer Acceptance Genuine Agreement Consideration Capacity Legality.
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 AGREEMENT © 2010 Pearson Education, Inc., publishing as Prentice-Hall CHAPTER 10.
Practice of International Trade – Negotiation for Sales Contract Chapter 4-1
Contracts Offer and Acceptance Business Law Modified: Jan 2013.
Copyright © 2004 McGraw-Hill Ryerson Limited 1 PART 3 THE LAW OF CONTRACTS  Chapter 6 – An Introduction to the Legal Relationship Prepared by Douglas.
Achieving Contract Formation
Contract & Consumer Law Chapter 2
Chapter 6 Offer and Acceptance
Lesson 7-1 Quiz Review.
Chapter 6 Offer and Acceptance
Chapter 11 Contracts: Agreement
Chapter 6 Offer and Acceptance
Presentation transcript:

Step up to Saxion. Course Introduction to International Business Law Lecture 2

Step up to Saxion. Topics Revision lecture 1 –Questions Subjects of today: –At what moment have you reached an agreement? –Stages of preliminary negotiations. –Breaking of negotiations (breach of contract and tort). –Homework

Step up to Saxion. Reaching an agreement An agreement is concluded when one party accepts (offeree) the offer of another party (offerer) Legal offer : –an offer is described –a price is determined –the number of objects is given Invitation to enter into negotiations

Step up to Saxion. Reaching an agreement 2 Reception theory: the offer is valid when it reaches the other party Withdrawing an offer -> prevents that the offer becomes a valid offer Revoking an offer -> valid offer but offerer changes his mind and cancels

Step up to Saxion. Reaching an agreement 3 No revocation –The offer has already been accepted by the offeree –The offer is irrevocable

Step up to Saxion. Stages of preliminary negotiations Rules of good faith According to EU jurisprudence two stages in the negotiation phase: –Stage 1: parties start negotiating/exploring possibilities –Stage 2: an agreement is within reach

Step up to Saxion. Breaking of negotiations Possibility to claim damages? –Using breach of contract? –Using tort?

Step up to Saxion. Claim damages? Stage 1: Parties are free to break off negotiations, no claims Stage 2: with the agreement within reach no liberty to break off the negotiations unless the breaking off party pays for the costs (& loss of profit)

Step up to Saxion. Using breach of contract? Parties have already concluded a contract when they agree on two essential elements -> –Price –Object The party that breaks off is liable for damages of the other party

Step up to Saxion. Using Tort? In case parties didn’t agree on price and/or object -> no agreement reached. Claim damages based on tort Relevance of “good faith’ and in what way the interest of the other party was taken into consideration

Step up to Saxion. Homework Exercises 1 and 2 Chapter 2

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.