Part I Introduction Chapter 1 The Legal Environment of International Business 1.1 International Business and Olobalization 1.2 History of International Business Law 1.3 Sources of International Business Law A. International Treaties and Conventions B. International Business Customs and Usages C. National Laws D. Other Sources 1.4 Comparison of Legal Systems A. The Romano-Germanic Civil Law System B. The Anglo-American Common Law System 1.5 The Role of International Organizations in International Business Exhibit 1-1: Outline of the Uruguay Round Final Act Exhibit 1-2: The structure of the WTO Part II Law of Business Organizations Chapter 2 Sole Proprietorships 2.1 Advantages and Disadvantages of Sole Proprietorship 2.2 The Law Governing Sole Proprietorships Chapter 3 Partnerships 3.1 Forms of Partnerships 3.2 Partnership Formation 3.3 Partnership Operation 3.4 Partnership Termination Exhibit 3-1: A sample partnership agreement Case 3-1: Helpinstill V. Regions Bank Chapter 4 Corporations 4.1 Nature of Corporations 4.2 Classification of Corporations 4.3 Corporate Formation 4.4 Disregarding the Corporate Entity 4.5 Corporate Management A. Corporate Management Institutions B. Corporate Management Personnel 4.6 Merger, Consolidation and Dissolution of Corporations Case 4-1: Salomon v Salomon & Co, Ltd.. Case 4-2: Hoskins Chevrolet, INC. V. Hochberg (1998) Part III Law of International Sale of Goods Chapter 5 Contract for International Sale of Goods (I) 5.1 What is a Contract? 5.2 Classification of Contracts 5.3 Essential Elements of a Valid Contract 5.4 Rules Governing International Sale of Goods A. United Nations Convention on Contracts for the International Sale of Goods B. National Laws C. Principles of International Commercial Contracts D. International Customs and Usages: Incoterms Exhibit 5-1: Division of Incoterms 2000 (Mode of Transport) Exhibit 5-2: Division of Incoterms 2000 (Duties Imposed on the Seller) Exhibit 5-3: Division of Incoterms 2010 (Modes of Transport) Chapter 6 Contract for International Sale of Goods (11) 6.1 The Sphere of Application of CISG A. Three Requirements for the Application of CISG B. Choice of Law Clauses C. Sales Excluded from CISG D. Contractual Issues Excluded from CISG 6.2 General Provisions for Interpretation of CISG 6.3 Contract Formation A. The Offer B. The Acceptance C. Battle of the Forms 6.4 Seller's Obligations A. Obligations of Delivery B. Obligations of Quality of the Goods C. Obligations of Property Issues 6.5 Buyer's Obligations A. Obligations of Payment B. Obligations of Inspection and Notice of Defects 6.6 Risk of Loss 6.7 Excused Performance 6.8 Remedies for Breach of Contract A. Suspension of Performance B. Avoidance of a Contract C. Damages D. Specific Performance E. Other Remedies Available under CISG Case 6-1: American Biophysics Corp. v. Dubois Marine Specialties. Case 6-2: Hadley v. Baxendale (1854) Chapter 7 International Carriage of Goods 7.1 Carriage of Goods by Sea A. Bills of Lading Fundamentals of Bills of Lading International Conventions Governing Bills of Lading Carriers Duties and Immunities Under a Bill of Lading Other Questions B. Charterparties 7.2 Carriage of Goods by Air A. The Warsaw Convention 1929 B. The Montreal Convention 1999 7.3 Carriage of Goods by Road and Rail 7.4 Multimodal Carriage of Goods 7.5 Marine Cargo Insurance A. Types of Losses B. Types of Marine Insurance Policies C. Types of Coverage Chapter 8 Payment in International Sale of Goods 8.1 Modes of International Payment 8.2 Fundamentals of Negotiable Instruments 8.3 The Bill of Exchange A. Laws Governing the Bill of Exchange B. Brief Requirements of the Bill of Exchange C. Negotiation of the Bill of Exchange 8.4 Documentary Letters of Credit A. Overview B. The Governing Rules: UCP 600 C. Basic Legal Principles The Principle of Independence The Rule of Strict Compliance 8.5 Standby Letters of Credit Exhibit 8-1: A Sample of Draft Exhibit 8-2: A Sample of Cheek Exhibit 8-3: A Sample of Promissory Note Case 8-1: Sztejn V. Henry Schroder Banking Corporation Part IV Law of International Intellectual Property Rights Chapter 9 International Transfer of Intellectual Property 9.1 Fundamentals of Intellectual Property Rights A. Copyrights B. Patents C. Trademarks D. Know-how or Trade Secrets 9.2 International Intellectual Property Organizations and Treaties 9.3 Regulations on International Licensing A. Typical Terms in International Licensing Agreements B. Restrictive Business Practices in International Licensing Price Fixing Non-competition Clauses Challenges to Validity Tying Clauses Grant-Back Provisions C. Rules Regulating the Anticompetitive Aspects of International Licensing D. Compulsory Licenses 9.4 Regulations of International Franchising Case 9-1: Dayan V. McDonald's Corp. Part V Law of International Commercial Disputes Resolution Chapter 10 Settlement of International Commercial Disputes 10.1 Methods of International Commercial Dispute Settlement 10.2 Settlement of Commercial Disputes through Arbitration A. Overview of Arbitration and International Commercial Arbitration Understanding Arbitration and International Commercial Arbitration Types of international Commercial Arbitration Advantages of International Commercial Arbitration Disadvantages of International Commercial Arbitration B. International Commercial/Arbitration Clauses Form of Arbitration Clauses Validity of Arbitration Clauses Drafting Arbitration Clauses C. International Commercial Arbitration Procedure Appointment of Arbitrators Arbitration Proceedings D. Enforcement of Arbitral awards: New York Convention E. Enforcement of Foreign Arbitral Award in the People's Republic of China 10.3 Settlement of Commercial Disputes Involving States through Arbitration A. International Center for the Settlement of Investment Disputes (ICSID) B. Dispute Settlement in WTO 10.4 Settlement of Commercial Disputes through Litigation A. Jurisdiction B. Choosing the Governing Law C. Proving Foreign Law D. Recognizing and Enforcing Foreign Judgment Case 10-1: Scherk v. Alberto-Culver Co. List of Legal Terms References