1
Q
What are the global considerations when considering the international marketplace
A
- Form of Business Organization
- Political Risks
- Foreign Legal Systems
- Licensing Requirements
- Financial Risks
- Contract Forms
- Dispute Resolution
-Differences in common law and civil law
2
Q
For Common Law, how are contracts formed
A
Common law places great emphasis on the importance of consideration
3
Q
For Civil law, what is more emphasized
A
On the intention of the parties to contract
4
Q
What is UNCITRAL
A
United Nations Commission on International Trade Law
5
Q
What is CISG
A
Convention on the International Sale of Goods
6
Q
What is the purpose of the CISG
A
The CISG constitutes an international uniform sales law that regulates the rights and obligations of buyers and sellers with places of business in different Contracting States. Designed as a multilateral treaty, the CISG represents, for example, a compromise between common-law and civil-law concepts.
