Реферат: Business In An International Legal Environment Essay

, Research Paper

Business in an International Legal Environment

With the internet becoming increasingly powerful and

popular, international business is bound to do so as

well. It has become more and more important for

businesses to conduct global commerce. As this trend

continues to rise and the world grows smaller, many

issues arise regarding the legalities of international business.

I will attempt to condense these issues into this brief

memo.

Many advantages and disadvantages exist in

international sales and trade. A few advantages are

quite obvious. Expanding the company’s market in

order to increase overall revenue and dominate the

market share are the most apparent. In addition,

international business also unites the world in a way.

It is important to merge international economies in

order to become more global.

Disadvantages are a little less obvious and a little

more plentiful. Three major problems include different

legal systems, long distances, and insurance

considerations. Also, since the two parties neither

know or understand each other well, there exists some

amount of uneasiness between the buyer and the seller.

This latter problem has been somewhat resolved with the

onset of the letter of credit financing device. The

letter of credit is basically an assurance by the

buyer’s bank that the seller will get his/her money.

In order for the seller to receive his money, he must

--> ЧИТАТЬ ПОЛНОСТЬЮ <--