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20 Cards in this Set
- Front
- Back
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Public International Law |
Legal relations between governments |
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Private International Law |
Laws governing transactions of individuals and companies that cross international borders |
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Treaties |
Agreements between countries, which may be bilateral (between two countries) or multilateral (involving more than two countries); also called conventions, covenants, compacts, or protocols |
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Extraterritorial Application of Laws |
A country's attempt to apply its laws to foreigners or nonresidents and to acts and activities that take place outside its borders |
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Litigation |
A legal proceeding to determine and enforce a particular legal right |
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Arbitration |
A process, agreed to by parties to a dispute in lieu of going to court, by which a neutral person or body makes a binding decision |
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Incoterms |
Universal trade terminology developed by the International Chamber of Commerce |
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Intellectual Property |
Patents, trademarks, trade names, copyrights, and trade secrets, all of which result from the exercise of someone's intellect |
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Patent |
A government grant giving the investor of a product or process the exclusive right to manufacture, exploit, use, and sell that invention or process |
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Trademark |
A shape, a color, design, catchy phrase, abbreviation, or sound used by merchants or manufacturers to designate and differentiate their products |
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Trade Name |
A name used by merchants or manufacturers to designate and differentiate their products |
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Copyright |
Exclusive legal rights of authors, composers, creators of software, playwrights, artists, and publishers to publish and dispose of their works |
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Trade Secrets |
Any information that a business wishes to hold confidential |
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Competition Laws |
The EU equivalent of antitrust laws |
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Antitrust Laws |
Laws to prevent inappropriate large concentrations of power and the potential abuse of such power through price fixing, market sharing, and business monopolies |
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Torts |
Injuries inflicted on other people, either intentionally or negligently |
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Product Liability |
Standard that holds a company and its officers and directors liable and possibly subject to fines or imprisonment when their product causes death, injury, or damage |
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Strict Liability |
Standard that holds the designer/manufacturer liable for damages caused by a product without the need for a plaintiff to prove negligence in the product's design or manufacture |
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Questionable or Dubious Payment |
Bribes paid to government officials by companies seeking to purchase contracts from those governments |
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Foreign Corrupt Practices Act (FCPA) |
U.S. law against making payments to foreign government officials for special treatment |
