Please provide a detailed summary of what you learned from Chapter 3 on International Law. A response should be at least 200 words in length and cover all relevant topics. Attached PowerPoint for your reference. Thank you.
Chapter 3: International Law
Essentials of Business Law, 7e
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
1
Why Does International Law Matter to Me?
A song you wrote has gone viral on social media. Your band copyrighted the song and started selling it via iTunes. You learned that someone in Spain is also selling downloads of your song without your permission. You want to make a claim under the Berne Convention.
How are agreements like the Berne Convention adopted and made into law?
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
2
Learning Objectives
List the sources of international law
Compare various international principles and doctrines
Describe various ways in which domestic firms can engage in international business
Explain how international disputes are settled
Describe when U.S. laws can apply internationally
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Sources of International Law
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
General Principles of Law
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Actors in International Law
1. States
2. Regional Alliances
Ex: The European Union
Ex: Regional Trade Agreements (NAFTA and USMCA)
3. International Organizations and Dispute Resolution
Ex: The United Nations
Ex: The International Court of Justice
Ex: The World Trade Organization
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Domestic Laws Applied Abroad
1. Extraterritoriality
2. Foreign Laws and Judgments in the United States
– Application of foreign laws in U.S. Courts
– Recognition and enforcement of foreign judgments
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Contracting Internationally
The sale of goods across boarders
CISG- applies to contracts for the sale of commercial goods
No writing requirements
Buyer can avoid payment in certain situations
Contracting parties can opt out of the CISG
Best Practices
Choice of Law
Choice of Forum
Choice of Language and Currency
Arbitration
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Knowledge Check Activity
In an international contract for the performance of certain services between a company in the U.S. and a company in Pakistan, one of the parties breaches the agreement. Where could suit be brought if the contract does not have a forum-selection clause?
Pakistan only
The U.S. only
Pakistan or the U.S.
Neither Pakistan nor the U.S.
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Knowledge Check Answer
In an international contract for the performance of certain services between a company in the U.S. and a company in Pakistan, one of the parties breaches the agreement. Where could suit be brought if the contract does not have a forum-selection clause?
Pakistan or the U.S.
Beatty, Essentials of Business Law, 7th Edition. © 2022 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.