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Related Flashcards
Related Topics
Cards In This Set
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: Supreme and independent political authority
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Sovereignty:
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The possibility of a change in a country’s environment or government policy that would adversely affect a company’s ability to operate effectively and profitably.
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Political Risk:
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governmental action to dispossess a foreign company or investor
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Expropriation:
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No compensation is provided while dispossessing a foreign company or investor
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Confiscation:
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When the government takes control of some or all of the enterprises in a particular industry
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Nationalization:
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: the rules and principles that nation-states consider binding upon themselves
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International Law:
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The body of laws that applies to disputes arising from commercial transactions between companies of different nations
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Private International Law:
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The legal system reflects the structural concepts and principles of the Roman Empire in the sixth century.
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Civil Law Country:
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Many disputes are decided by reliance on the authority of past judicial decisions.
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Common Law Country:
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The SHARIA is a comprehensive code governing Muslin conduct in all areas of life, including business.
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Islamic Law:
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Pertains to global marketing insofar as it concerns a courts authority to rule on particular types of issue arising outside of a nation’s borders or to exercise power over individuals or entities from different countries.
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Jurisdiction:
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A formal legal document that gives an inventor the exclusive right to make, use, and sell an invention for a specified period of time.
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Patent:
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A distinctive mark, motto, deice, or emblem, that a manufacturer affixes to a particular product or package to distinguish it from goods produced by other manufacturers.
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Trademark:
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Establishes ownership of a written, recorded performed or filmed creative work.
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Copy Right:
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is the unauthorized copying and production of a product.
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Counterfeiting:
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