1. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON8-1 GOALS  Identify and describe the legal systems upon which international law is based.  Explain product liability. INTERNATIONAL LEGAL SYSTEMS AND LIABILITY

2. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 2 Legal Systems Civil law Common law Statutory law

3. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 3 Liability Liability for debt, loss, and injury Product liability Negligence Strict liability

4. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON8-2 GOALS  Explain laws and international trade agreements that protect property rights.  Describe when an agreement has all of the components of a contract. PROPERTY AND CONTRACTS

5. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 5 Property Rights and Responsibilities Property law Intellectual property Patents Trademarks Copyrights

6. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 6 Components of a Contract Capacity Mutual agreement Consideration Legal purpose

7. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 7 Treaties and Trade Agreements World Trade Organization (WTO) European Union (EU) North American Free Trade Agreement (NAFTA) Canada Mexico United States

8. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON8-3 GOALS  Identify several different ways to resolve international legal disputes.  Explain the litigation process.  Describe the role of the International Court of Justice in international business. RESOLVING LEGAL DIFFERENCES

9. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 9 Resolving Legal Differences Without Court Action Mediation Arbitration Using Court Action Litigation

10. © SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS 10 The International Court of Justice Established by the UN Charter in 1946 Sits in The Hague Settles disputes between nations Advises UN on matters of international law