Legal Environment
Chapter Outline
Multiplicity of Legal Environments Legal Systems Jurisdiction and Extraterritoriality Legal Form of Organization Branch vs. Subsidiary Litigation vs. Arbitration
Chapter Outline
Bribery Legal Dimension Ethical Dimension Intellectual Property Categories of Intellectual Property Legal Rights and Requirements
Legal Systems
Relying on precedents and conventions E.g., USA, UK, Canada, India Code or civil law system Main rules of law embodied in legislative codes Japan and most continental European countries
Jurisdiction
Extraterritoriality
E.g., USA and Foreign Corrupt Practices Act E.g., Belgiums universal jurisdiction
Foreign Corrupt Practices Act (FCPA) OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
Codes of conduct Sensitization of ethics in managers through training and education Ethics audit
Transparency International
Intellectual Property
"creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce" Trademark Copyright Patent
Trade Secret
Intellectual Property
Trademark symbol, word, or thing used to identify a product made or marketed by a particular firm Copyright protection given to an author or artist for literary, musical, dramatic, and artistic works Patent invention of a scientific or technical nature Trade secret know-how that is kept secret within a particular business e.g., manufacturing methods, formulas, plans