Law of Contract | A discussion on the Restraint of Trade | | Introduction Business owners in an attempt to protect the goodwill of their business will often include “Restraint of trade” provision in employment agreements‚ sale of business agreements etc. Thus‚ an agreement‚ which someone is restricted in his freedom to carry on his trade‚ profession‚ business or other economic activity‚ is generally called an agreement in restraint of trade. Having said that‚ this paper is directed towards
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TRADE AND TRADERS OF MESOPOTAMIAN UR Mesopotamia extended north along the Euphrates and Tigris Rivers and consisted of two cultures: Sumerian in the south and Akkadian to the north‚ each with its own language‚ but shared a lifestyle based upon farming and the raising of sheep and goats. The Ur III dynasty became capital the Summer and Akkad in the late third millennium He dug new irrigation canals and dredged old ones to increase agricultural activity and to promote the international trade. For the
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Asia‚ particularly Malaysia‚ has been a trade hub for centuries. Since the beginning of history‚ Malacca has served as a fundamental regional commercial center for Chinese‚ Indian‚ Arab and Malay merchants for trade of precious goods. Today‚ Malaysia shares healthy trade relations with a number of countries‚ specifically the US. The country is associated with trade organizations‚ such as APEC‚ ASEAN and WTO. The ASEAN Free Trade Area that was established for trade promotion among ASEAN members also has
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＜＜The Trade Descriptions Ordinance商品說明條列＞＞ Trade Descriptions Ordinance (Cap. 362) 1. Commencement: 1st April‚ 198l. 2. Purpose: To prohibit false trade descriptions‚ false marks and misstatements in respect of goods provided in the course of trade; to confer power to require information or instruction relating to goods to be marked on or to accompany the goods or to be included in advertisements; to restate the law relating to forgery of trade marks; and for purposes
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Triangular Trade Transatlantic slave trade also known as triangular trade was responsible for the trafficking of Africans to the Americas. Triangular Trade is so named because of the three segments or legs of travel form a triangle. The first segment was from Europe to Africa where commodities were exchanged for African slaves‚ the second segment‚ dubbed the middle passage was the transport of African slaves to the Americas and the third segment was the transportation of merchandise from the Americas
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World Trade Center On September 11‚ 2001 a devastating tragedy occurred in the United States. Two hijacked planes crashed into the Twin Towers in New York City. Also‚ a plane crashed into the Pentagon in Washington‚ D.C. The United States was under a terrorist attack. The United States will never be the same since the 9/11 tragedy. Oliver Stone directed a movie called "World Trade Center." It came out in the year of 2006. This movie of course is based on a true event. "World Trade Center" is
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The lack of trade wasn’t really a worry for people then though‚ considering that the manors were self sufficient and produced any goods necessary to live‚ this economic system was called manorialism. All the new established routes carved by the crusaders made a great base to begin trade once again and for the first time since the fall of the Roman Empire‚ trade was resurrected. Due to the crusades‚ and the cultural diffusion that came with it‚ trade kick started back up. Crusaders
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Free trade can be defined as the situation whereby governments impose no artificial barriers to trade that restrict the free exchange of goods and services between countries with the aim of protecting domestic producers from foreign competitors. The argument for free trade is based on the economic concept of comparative advantage. Comparative advantage is the economic principle that nations should specialize in the areas of production in which they have the lowest opportunity cost and trade with
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International trade theory explains the concept of the international trade and distributions of the gains from the trade. The theory highlights the necessity and importance of the trade. International Trade theory highlights the different models of international trade‚ that have been created to define the diverse ideas of exchange of goods and services across the global boundaries. The theory has been changed frequently ‚ but the major objective of the theory is to gain maximum gain from the
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India and Foreign Trade- The trade activity with other countries on globe is known as Foreign Trade. It is directly related to export-import of a country with other countries. The foreign trade of India was very well developed during ancient history. The orientation of foreign trade of India totally changed with advent of British Empire in India. Immediately after independence GOI adopted inward looking foreign trade policy to restrict global trade but picture has been changed with new economic
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