SIB_520_final_short_answer.doc

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Department
International Business
Course
International Business SIB520
Professor
Jim Warnock
Semester
Fall

Description
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 party 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
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