Exam 7: The International Legal Environment: Playing by the Rules

In Marxist-socialist societies, law is strictly subordinate to prevailing economic conditions.

What is true of code-law systems?

What commonly counterfeited product has the potential for doing the greatest harm to the consuming public?

What generally occurs during arbitration?

What method accounts for the majority of resolutions in international commercial transaction disputes?

Apart from intellectual property laws, an illustration of how fundamental differences in the common and code systems can cause difficulty is in

In which country is the ownership of IP rights established by prior use?

List and describe the major international conventions designed for mutual recognition and protection of intellectual property rights.

Ideally, what should be the first step in the settlement of a dispute?

In many code-law countries, ownership of intellectual property rights is established by registration rather than by prior use.

What are the four forms of law that comprise the majority of the legal systems in the world? Name one country for each system.

Code law is also known as ________ law.

Laws governing ________ offer the most striking differences between common-law and code-law systems.

Moving a business outside the political boundaries of the home country exempts the company from the home-country's laws.

The form of law found in the United States and England is classified as civil or code law.

Because of political changes in the late twentieth century, which country has had to build from scratch an entire commercial legal system?

What license is required for products exported from the United States?

Compare and contrast conciliation and arbitration. In what situation would conciliation be most appropriate? In what situation would arbitration be most appropriate?

A certain level of piracy may be beneficial for some companies as it provides an unplanned product trial.

If there is a dispute between ________, the World Court can adjudicate.