This is an extract of our Background And General Info document, which we sell as part of our International Business Transactions Outlines collection written by the top tier of Thomas Jefferson School Of Law students.
The following is a more accessble plain text extract of the PDF sample above, taken from our International Business Transactions Outlines. Due to the challenges of extracting text from PDFs, it will have odd formatting:
#1 - BACKGROUND & GENERAL INFO
**3 KINDS OF INTERNATIONAL TRADE**
Buy/Sell Agreement o
? With or w/out letter of credit (L/C)
Obtaining the right to:*
Use, sell, manufacture, distribute
Not the right to own product or name
Licensor keeps patent, trademark, control, etc.
Foreign Direct Investment o
Opening subsidiaries in a foreign country & manufacture goods there
i.e. Ford manufacturing parts in Japan (still U.S. products)
Differences btwn. Domestic & International Business Deals o Laws o Distance o Currency o Transportation o Infrastructure o Language
? Money & product exchange at the same time
? Buy socks = give cashier $, get socks right then o International
? Seller gets $$ first - then delivers goods
? Many pitfalls (buyer reliable? Seller reliable? Etc.)
? Distance between parties
? More than one legal system
? More than one currency
? No trust btwn. buyer/seller o Primary Risk to the Seller
Buy the full version of these notes or essay plans and more in our International Business Transactions Outlines.