LAW 2876 - International Business Transactions
This course covers the various economic and legal requirements of conducting business in the global community. The students become familiar with the basic commercial terms of international economic transactions and the basic agreements of the documentary sale and letter of credit. Students are asked to trace the typical international business transactions from the financing stage to contact formation and possible dispute resolution. The regulation of international business involves customs classification and valuation. Transfers of technology, franchising and licensing of intellectual property are also discussed. Joint ventures and the establishment of a direct foreign investment abroad are analyzed with special emphasis on the role that cultural difference plays in international business transactions.
Credits: 2 or 3
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