| | | Question 2 0.6 out of 0.6 points | National Consumer Goods Corporation and Paula Purchaser agree to resolve their dispute in arbitration. The arbitrator's decision is called Answer | | Selected Answer: | an award. | Correct Answer: | an award. | | | Question 3 0.6 out of 0.6 points | Fact Pattern 3-1Java Cafes, Inc., and Kaffe Import Corporation dispute a term in their contract.Refer to Fact Pattern 3-1. The least expensive method to resolve the dispute between Java and Kaffe may be Answer | | Selected Answer: | negotiation because no third parties are needed.
Licensers sometimes feel the licensing company doesn't understand or that it disregards or misrepresents the product. Internal conditions in the second-party company can adversely affect the marketing campaign. Any company that contracts with a company overseas needs to be aware of local customs and laws. The last thing a business needs to happen is legal charges being brought against them. If a situation should occur then the company could be covered by t the Conflict of laws which has three branches , Jurisdiction whether the forum court has the power to resolve the dispute at hand, Choice of law the law which is being applied to resolve the dispute, and Foreign judgments the ability to recognize and enforce a judgment from an external forum within the jurisdiction of the adjudicating forum.
Addressing International Legal and Ethical Issues Simulation Summary What are the issues………..international When a U.S. company has decided to enter into business with a foreign company the same binding bases of business is applied. The base of business is the same contract that would bind companies to agreements in the U.S. Possible disagreements and disputes are expected in the international trade sector. The reality is that the contract that binds the companies to the original agreement, is used to settle these disputes without further legal action. The U.S. company wants to protect its interests by making sure that the contracts are enforceable in the foreign country. Considering the foreign companies culture and ethics in business transactions
The law on confidentiality and restrictive covenants are in place to ensure that employer’s business interests are protected. Employers may rely on mechanisms such as the confidentiality clauses and restrictive covenants to protect their businesses from damaging competition, disclosure of trade secrets and confidential information. The objective of these provisions is to avoid employees from abusing they employer’s business interests when the employment has come to end. The degree of protection provided to employers differs if the employee has ended the contract of employment. The implied duty of fidelity protects business interests and imposes a obligation employee must not disclose any information or trade secrets of their employers business.
The importance of the blue ocean strategy is that it keeps companies looking for untapped markets, which will provide new goods and services for the consumer. A product or service that might be considered a blue ocean move can be as simple as mixing alcohol and energy drinks packaging them and selling to the public. Anheuser-Busch could do this as long as the energy drinks do not contain caffeine. Mixing alcohol and energy drinks is not a new idea, but in November of 2010 the Food and Drug Administration declared caffeine an illegal and unsafe additive to manufactured alcoholic beverages. So now breweries cannot manufactures energy drinks with alcohol.
There are a few theories which support Murray Firstly, A monopoly can develop from the sale of a superior product with respect to the company’s competitors. If this is the case the individual never had a monopolistic intent, but rather an intent to simply create a superior product, and this would not
P5 Data Protection Act 1998 This law makes sure that businesses do not wield peoples information in a way deemed unfair to the customer or underhand it protects the customer and the details they have given in confidentiality, organisations cannot pass on information to third part organisations without the persons written permission however this is normally put down in small print so people agree normally without even knowing what they have done however it makes it illegal to do things like give home adresses to companies wanting to go door to door and pester people unless authorisation is granted by the person themselves this law could apply to an organisation such as cheadle and marple sixth form college in the way that it would be very
There is another similarity among the two which is statute of fraud and certain considerations, but even in this there are differences. A sales contract under the UCC can be modified without further considerations (Melvin,
If they operate under a factious business name or sell goods or services requiring a license then the business files for licensing according to the nature of the business. This can be a sellers permit or a professional license. Advantages: Sole Proprietorships essentially have no formalities. Taxation is fairly simple, meaning that many of these businesses do not file separate business tax returns because they are not required to. The sole proprietor has the advantage of maintaining complete control over his or her business.
The accounting procedures are the same and the criteria that must be met is the same the only difference is the profit or loss of the dealer or manufacturer. Operating Leases Operating leases are those that do not fall into any of the other lease categories and mainly are leases that usually pertain to rental of property or equipment that the lessee does not intend to own at the end of the lease term. The operating leases are accounted for by the lessor in the following: The initial direct costs will be deferred and allocated over the course of the lease term in proportion of the rental income recognition. Summary Leases can be a beneficial tool for companies to get property or equipment that they might not otherwise be able to afford at this point; however, much goes into the classification and reporting of leases. For 35 years the accounting standards relating to leases has been the same, but the FASB is now looking into the issues with lease and are set to issue a new ruling on certain parts of the lease reporting.