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

If a company plans to market products abroad,securing expert legal advice is a wise decision because of the complicated nature of international law.

Jake Lloyd's company specializes in buying and registering descriptive nouns,geographic names,ethnic groups,pharmaceutical substances and other similar descriptors and holding them until they can be sold at an inflated price.Though Jake may not like the description of his company,his company is called a cyber ______ by others in business.

When U.S.multinational corporations (MNCs)subsidiaries are prohibited from making a sale in violation of the U.S._________ Act,host governments react with hostility toward the extraterritorial application of U.S.foreign policy.

The basis for Islamic Law is interpretation of the Koran.

U.S.firms,their foreign subsidiaries,or foreign firms that are licensees of U.S.technology cannot sell a product to a country in which the sale is considered by the U.S.government to affect:

The basis for Islamic law is interpretation of the _________.

A creative non-traditional way for companies with intellectually property to make money in China is to employ the oldest strategy of all,i.e.,charging what the market will bear.

The first step that most arbitrators try to resolve a dispute between two parties is to attempt:

If law is founded on tradition,past practices,legal precedents set by the courts through interpretations of statutes,legal legislation,and past rulings,it is called:

The basis for __________ law is tradition,past practices,and legal precedents set by the courts through interpretations of statutes,legal legislation,and past rulings.

A creative way for intellectually property rich companies to make money in China is __________.

In a common-law country,ownership of intellectual property rights is established by "prior use versus registration." What does the phrase "prior use versus registration" mean?

Arbitration clauses require agreement on two counts.Which of the following is one of those accounts?

Sam Fitch is trying to decide whether to pursue a business venture in France.He has heard that the French system of business law is different from that of the United States.Research has told him that France (and other European countries)follows what is called code law.Describe code law for Mr.Fitch.What are the advantages and disadvantages of such a legal system?

According to the text,_____________ buy and register descriptive nouns,geographic names,ethnic groups,pharmaceutical substances and other similar descriptors and hold them until they can be sold at an inflated price.

The text identifies three heritages (four forms)that form the bases for the majority of legal systems in the world.What are the four forms of law and what are the heritages linked to these forms of law?

The question of jurisdiction of U.S.law over acts committed outside the territorial limits of the country has been settled by the courts through application of a long-established principle of international law called the:

In many code-law countries,ownership of intellectual property rights is established by registration rather than by prior use--the first to register a trademark or other property right is considered to be the rightful owner.

Among the unique aspects of Islamic law is the prohibition against the payment of:

All of the following are considered to be deterrents to litigation EXCEPT: