International Marketing Study Set 9

Business

Quiz 7 :

The International Legal Environment: Playing by the Rules

Quiz 7 :

The International Legal Environment: Playing by the Rules

Question Type
search
arrow
What are intellectual property rights? Why should a company in international marketing take special steps to protect them?
Free
Essay
Answer:

Answer:

Intellectual property is a type of property which is intangible invented by humans on their knowledge, intellect which contains primarily trademarks, patents and rights.
Intellectual property rights are those rights which are related to the products, brands, procedures, designs, trademarks and patents which help the company in gaining competitive advantage.
It is very important for a international marketing company to take extra efforts to protect intellectual property rights because all the intellectual properties are assets of the company. They signify quality and image in the minds of the customers. They are considered to be intangible quality. Lots of money is invested to develop this kind of property so it is very important to safe guard them.
Therefore, intellectual property rights are intangible in nature and are very costly i building so international marketer should take every step to safe guard them as the laws and governing differ from country to country.

Tags
Choose question tag
close menu
arrow
In many code-law countries, registration rather than prior use establishes ownership of intellectual property rights. Comment.
Free
Essay
Answer:

Answer:

Code law countries are those countries which maintain common law systems. Code law is a systematic common written statement of rules to be followed in a particular area which is codified.
In many countries code of law is followed for safeguarding their intellectual property rights. They initially register their rights to safeguard the ownership. In countries like United States code of law is not followed. They follow common law hence prior use declares the ownership.
Therefore, it is very important to understand these laws to safeguard the intellectual property rights and the ownership.

Tags
Choose question tag
close menu
arrow
Illustrate the procedure generally followed in international commercial disputes when settled under the auspices of a formal arbitration tribunal.
Free
Essay
Answer:

Answer:

Arbitration refers to the process of settling the disputes among the business parties by a third party outside the court.
Arbitration is based on the willingness of the business conducting parties to regard the rules of the arbitrator. Some contracts also include this as a provision to increase the chances of success. However, contradiction on these contracts always exists as the contracts are made on disputes even before the dispute taking place. Arbitration has an board and procedure to follow. When the dispute arises, the first step is to identify and select the arbitration board they want and consult them for the settlement. After which the board or tribunal attempts to immediately conciliate the parties on the dispute. If this attempt fails, then both the parties appoint their arbitrators to defend their side. After listening to the both the defenders, judgement is given. This judgement has a high success rate.
Therefore, arbitration is an simple process to follow and some businesses in advance mention their arbitration board or tribunals in the contracts they make to attain peaceful and successful settlement on time.

Tags
Choose question tag
close menu
arrow
What is the "objective theory of jurisdiction"? How does it apply to a firm doing business within a foreign country?
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Define the key terms listed above.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
"The legal environment of the foreign marketer takes on an added dimension of importance since there is no single uniform international commercial law which governs foreign business transactions." Comment.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss the advantages to the international marketer arising from the existence of the various international conventions on trademarks, patents, and copyrights.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Assume you are a vice president in charge of a new businessto-business e-commerce division of a well-known major international auto parts manufacturer. A cybersquatter has registered the company name as a domain name. What are your options to secure the domain name for your company? Discuss the steps you should take to ensure worldwide protection of your domain name.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
How does the international marketer determine which legal system will have jurisdiction when legal disputes arise?
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Differentiate between conciliation and arbitration.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss the motives of a cybersquatter. What recourse does a company have to defend itself against a cybersquatter?
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss the state of international commercial law.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Why is conciliation a better way to resolve a commercial dispute than arbitration?
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss the limitations of jurisdictional clauses in contracts.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss the issues of a website owner being liable for information posted on the site.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Discuss some of the reasons seeking an out-of-court settlement in international commercial legal disputes is probably better than suing.
Essay
Answer:
Tags
Choose question tag
close menu