Legal and Regulatory Framework I. The basis of the contract From the coupon attached‚ we can see the specialist terms as follows: 1. Each person should use only one ticket and not use the ticket in conjunction with other coupons 2. The Minimum consumption should be controlled over 100 yuan. 3. The coupon can’t be used in the holidays. 4. The final interpretation is owned by our company. The standard form contract is a standard document prepared by many large organizations
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political organizations‚ and interest groups‚ • The relationships among institutions‚ and the political norms and rules that govern their functions International Business Part Two Comparative Environmental Frameworks Chapter Three The Political and Legal Environments Facing Business 3-2 Copyright © 2009 Pearson Education‚ Inc. publishing as Prentice Hall Individualism vs. Collectivism Political Ideology • Individualism: primacy of the rights and role of the individual • Collectivism: primacy of
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Legal Context of Human Resource Management In addition to increasing diversity of workforce‚ the problem of managing human resource is also complicated by the emerging body of law with respect with respect to the ways in which employers may or may not deal with employees. When managing in foreign countries‚ managers will find that local laws may be quite different but‚ given the strong influence of U.S. law on global business operations‚ it is important for all international managers to understand
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 August 6‚ 2013 Addressing International Legal and Ethical Issues Simulation Summary International trade is important and beneficial to business. However‚ international trade guides a safeguard of interests‚ specific business contract‚ defined law‚ forum of dispute settlement‚ and understanding of contract clauses. “A working knowledge of international law helps business owners and managers with global interests reduce
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SOURCES OF LAW INTRODUCTION TO THE MALAYSIAN LEGAL SYSTEM SOURCES OF LAW The sources of Malaysian law refer to the legal sources i.e. the legal rules that make up the law in Malaysia. The sources of Malaysian law comprise: 1)Written law; and 2)Unwritten law Federal and State Constitutions Written Legislations & Delegated Legislations SOURCES OF MALAYSIAN LAW Judicial Decision English law Unwritten Islamic law Customary Law SOURCES OF LAW: UNWRITTEN LAW Unwritten law
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Legal Factors A legal factor is when you can be prosecuted. Statutory law: If you break the statutory law it is a crime. * A law passed by parliament. A new government can bring in new laws – this means that if there is a new government they have the rights to allow a law to pass or can turn down it‚ but it has to be decided through the parliament. * This involves the police‚ if the rule is broken – this is saying that if you break the legislation the police have the right to enter
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Institutions Constitutional and Legal Framework Article 47 of the Constitution of India directs the State to regard the raising of the level of nutrition and the standard of living of its people and the improvement of public health as among its primary duties‚ and‚ in particular‚ to endeavour to bring about prohibition of consumption‚ except for medicinal purposes‚ of intoxicating drinks and drugs which are injurious to health. Section 71 of the Narcotic Drugs and Psychotropic Substances Act‚
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Natural and legal person A natural person is a living human being. This definition is meant to set a natural person apart form a legal person which is a group of people acting in a unified‚ often commercial enterprise but are considered by law to be acting as a single virtual individual. Companies‚ partnerships and similar entities are considered legal persons. Natural person start his or her life as unborn baby. Person‚ even if it is not born‚ has rights and duties as any other natural person
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selling products or services to consumers directly via their web site. Every company needs to deal with legal‚ ethical and regulatory issues every day in normal business activities‚ but there are a whole new set of issues that come up with so much business being conducted online and this paper will attempt to show the differences and similarities between B2B and B2C sites. Ethical Issues Privacy issues are a major difference between B2B sites and B2C sites. On a B2C site‚ privacy is one of the main concerns
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When addressing a legal dispute in international transactions views in changes in legislation‚ clashes of interest and ethical dilemmas must be taken into consideration and acknowledging of the local culture is also paramount to a successful solution to a legal dispute. One practical consideration is to implement an A D R in case a legal action is necessary; it’s less costly and expeditious than settling in local courts and both parties may suffer less red tape when dealing with governments that
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