Alternative dispute Resolution
Negotiation- The parties attempt to resolve their dispute on their own without the assistance of a third party.
Facilitation or conciliation – Voluntary dispute resolution process using the “good offices” of a neutral third
Mediation- A professional mediator brings the parties together to attempt resolution of the dispute, and – The
mediator suggests a solution but does not make a binding decision.
Arbitration- an arbitrator normally makes a binding decision which the parties are obliged to follow
Litigation- One party sues the other, A judge or jury hears the case and renders a binding decision, and The
process can be long and expensive and end up destroying the business relationship.
Intellectual property rights- patents: is an exclusive right granted for an invention, which is a produce or a
process that provides a new way of doing something, or offers a new technical to a problem. Patent validity in
Canada 20years from date of grant. No extend, no renewed.
Trademarks- a distinctive sign, word, name, device or any combination of the foregoing used to distinguish the
goods or services of a specific person or enterprise from those of another operating in the same channels of
trade. Trademarks are valid for 15 years in Canada and 10 years in the U.S; also can be renewed again.
Copyright- the right to a creation of reproducible work meant primarily for communication. Minimum duration
of copyright for a written work is the life of the author plus 50 years.
Extraterritoriality- Enforce a country law outside its country of bounds.
Foreign Direct Investment- Investments that government favor
-a start up operation which creates a new business where none existed before “Greenfield”
-acquisition of a minority interest in an existing company (injection of new capital)
-acquisition of a majority interest promising new capital and expansion
-set up of a branch sales office, a new business is created but little capital is invested.
The reason of Joint venture- Expand market presence, sharing or developing technology, combining stron