The Fundamentals of International Business
THE FUNDAMENTALS OF INTERNATIONAL BUSINESS
1- The fundamental of international biz
Object: product for exchange (tangible; intangible) - Tangible: something we can touch or use it immediately (furniture, electronic appliance) - Intangible: trademark intellectual propriety right
2- Main part: people who conduct a biz exchange
3- Biz activities: Transfer of cargo and its ownership (buy your own car) or right of use (be a diver).
International Biz law
Role: it is to adjust the biz relationships among the biz parties in the course of their biz activities.
Slight violation (paying late the rent fee)
Fundamental violation (a landlord Who closes his locator shop without the permission of the law)
Two legal systems (Anglo- American law France UK or USA; The Roman- Germany; civil low France Germany China)
Different point - The UK or USA same judgment, similes case - Germany or France (judgment based on law regulation)
Similes case different judgment is made as the law is exchanged
The biz law in two forms (Biz law is the part A; civil law is B; biz law is separated from civil law (Japan, Spain, china) )
Case study:
Billionaire + distribute his property
Stake of corporation: biz low (violate, you could go to jail)
Jewelry, individual bank: civil law (violate the civil law u pay the victim)
The regulation of setting up business contract The process of Biz activity (enquiry—counteroffer – acceptance)
Enquiry: (ask for information, price…) no legal
Offer (with legal effect)
Exporter (supplier) – response to enquiry – importer (buyer)
To the offer, it must respect the following conditions 1- Make offer to specific person or group 2- To offer later, it must contain the conditions or terms of biz in clear way
Terms {nature of commodity (quality, price, quantity…) Date of transport (load delivery ) transport tool ( FOB, CIF, CFR )}
Date of load: date of cargo loaded on ship at port of loading (Supplier Date of Delivery: date
1- The fundamental of international biz
Object: product for exchange (tangible; intangible) - Tangible: something we can touch or use it immediately (furniture, electronic appliance) - Intangible: trademark intellectual propriety right
2- Main part: people who conduct a biz exchange
3- Biz activities: Transfer of cargo and its ownership (buy your own car) or right of use (be a diver).
International Biz law
Role: it is to adjust the biz relationships among the biz parties in the course of their biz activities.
Slight violation (paying late the rent fee)
Fundamental violation (a landlord Who closes his locator shop without the permission of the law)
Two legal systems (Anglo- American law France UK or USA; The Roman- Germany; civil low France Germany China)
Different point - The UK or USA same judgment, similes case - Germany or France (judgment based on law regulation)
Similes case different judgment is made as the law is exchanged
The biz law in two forms (Biz law is the part A; civil law is B; biz law is separated from civil law (Japan, Spain, china) )
Case study:
Billionaire + distribute his property
Stake of corporation: biz low (violate, you could go to jail)
Jewelry, individual bank: civil law (violate the civil law u pay the victim)
The regulation of setting up business contract The process of Biz activity (enquiry—counteroffer – acceptance)
Enquiry: (ask for information, price…) no legal
Offer (with legal effect)
Exporter (supplier) – response to enquiry – importer (buyer)
To the offer, it must respect the following conditions 1- Make offer to specific person or group 2- To offer later, it must contain the conditions or terms of biz in clear way
Terms {nature of commodity (quality, price, quantity…) Date of transport (load delivery ) transport tool ( FOB, CIF, CFR )}
Date of load: date of cargo loaded on ship at port of loading (Supplier Date of Delivery: date