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“Compare and contrast from a legal point of view two different methods of entering a new International Market”
Index
Page 3 Introduction
Agency
Page 4 Branch
Jurisdiction
Page 5 The Convention on Contract for the International Sale of Goods 1980
Page 7 EC Regulation 44/2001 on Jurisdiction and the Recognition of Judgments in Civil and Commercial Matters 22nd September 2000: Brussels Convention
Page 8 Legal Responsibility
Page 11 Tax
Conclusion
Page 13 References
Page 14 Bibliography
INTRODUCTION
The two methods I have selected to compare and contrast from a legal point of view in entering an international market are agency and branch. Firstly, I shall consider the definition of agency and branch. Thereafter I shall consider the legal issues of jurisdiction, legal responsibility, tax and competition law. As I shall demonstrate throughout this essay there are a number of similarities between the two methods, for example the legal issue of jurisdiction (i.e. what country’s law applies to the international seller). However, there are also marked differences between these methods for an international seller to consider such as legal consequence of tax.
Agency
An Agent can be described as a person or company that is authorised by the principal to act on his own behalf and the Agent agrees to do so. Another definition is “an individual who is employed as an independent representative of a firm. Unlike a representative office, an ...