Abstract
International business law is about the main legal risks we have making contracts all over the world. Knowing principal rules and risks, it is a right way to do business overseas. That is why this study about international business law is a good method to increase future international managers awareness to legal risk.
Today we live in a globalized world. It is not possible to avoid this phenomenon. Products we consume come from Asia, South America, Europe eastern etc… Globalization is the set of international exchanges. Each year, these exchanges go up. So, that is why it is important to introduce rules through international treaties, trade agreements or world organizations.
It is important to create a global system to support globalization exchanges. This global system's aim is to harmonize exchanges and solve dispute between businesses from different countries.There exist different methods to do business in a foreign country. For instance, you can choose to export directly or indirectly products in the foreign country. You can choose to make a foreign direct investment (joint ventures, subsidiaries…) or also to franchise.
Declining barriers to the free flow of goods, services and capital enables to increase globalization. Progresses in transportation and technology (i.e. internet connection) have a direct impact on globalization. In this context, firms have just one idea in mind: Enter in foreign market to develop their activity and increase profit. Companies inevitably have to expand it, to find costless solution to produce and make its profit increase.
