International Legal Environment Bases for legal systems Jurisdiction How to settle disputes Protection of intellectual property Bribery & Foreign Corrupt.

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Presentation transcript:

International Legal Environment Bases for legal systems Jurisdiction How to settle disputes Protection of intellectual property Bribery & Foreign Corrupt Practices Act

Bases for Legal Systems Common law Code law Islamic law Socialist law

Determination of Legal Jurisdiction Jurisdictional clauses included in contract Location of contract agreement Location of contract performance

International Dispute Resolution Conciliation Arbitration Litigation

Protection of Intellectual Property Common law - “first use” or “first to invent” Code law - “first to file”

Prohibits payment of bribes to a foreign official, political party or candidate for purposes of obtaining, retaining or directing business. Bribe - payment of money or anything of value by a person seeking illegal/unfair advantage or favor. Lubrication - payment of money to facilitate lawful performance of a business activity Foreign Corrupt Practices Act of 1977

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