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10 Cards in this Set
- Front
- Back
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Choice Of Law Clause |
Incontract, which laws will be utilized? |
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Civil And Commercial Law |
Stipulatesrights and remedies for transactions |
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Common Law |
Judge made based on precedent to resolve disputes. |
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Constitutional Law |
Frameworkdefining authorities for developing and implementing law |
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Country Of Origin |
Where item was created |
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Criminal Law |
Specifies conduct and prescribes punishment |
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Customary Law |
Reflects wisdom of experience; generally, in lessdeveloped societies |
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Democracy |
All citizens are politically and legally equal;entitled freedom of thought, speech, association |
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Intellectual Property |
Control/benefits from creative, expertise, insights; copyright, patents trade secrets(process) and trademarks |
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Laissez-Faire |
“Leave it alone” – government doesn’t interferewith marketplace; it regulates itself |
