LAW

International Business Law

International Business Law

Introduction

The law in every aspects of trade makes the trade legally secure and it ensures the careful consideration of trading by all the parties involved. The international law has no specifically definite area or regulating body. It involves all the laws, rules, regulations and the defined customs and set of procedures that are required to be fulfil by all the trading parties involve. The international trade laws are the legal laws that govern and deals with the trade that is carried among different nations that may involve either of governments, business companies or organizations. Like all the legal laws, the international business and trade law ensures the protection of rights and the fulfilment of liabilities on the part of all the responsible parties involved in the businesses.

The international trade laws are defined by the immense body that defines the laws by keeping in view the trade customs, agreements, memorandums, legal precedents of the International Court of Justice. Enforcement of international law is a controlled attempt in which the parties are liable to stick to and follow upon the laws that are enforced upon the set agreements.

Because of the numbers of and multiples of legal systems of the different countries, the international law making body has set up the laws that concerns to and that applies to both of the common laws and civil laws to set the standard law that may apply to the all the trades that may carry across the national levels or at the international levels. Thus it has set the standard laws, procedures and remedies that apply to all the terms of trade across the world.

The international trade governing body controls and directs the dealings among independent public laws of the states and it also regulates and deals with the rights and obligations of the citizens and protects the rights of citizens of one states by the citizens of the other states that are involved with each other in trades. Hence it applies the legal ethical values and principles among the concerned nations. Unlike a single nation regulating law making body, the international law making body ensures the application of collection of all the legal applicable laws treaties, principles, and customs among the trading nations.

In Australia there are also the applications of international laws that govern international sales between businesses located in Australia and the business that are located overseas. The trade contract relationships in Australia are regulated by the law regulations of the United Nations Convention on Contracts for the International Sale of Good. The requirements of the Convention are in a way that if any problems or uncertainties arise in the trade contract laws relations or the laws related to the conventions, and then it is the convention that deals over the problems of the law that deals locally. Hence the purpose of the convention is that it must make the laws that create the friendly relations among the businesses that are conducted in the states or that are conducted between ...