LAW 724 Chapter Notes - Chapter 10: Foreign Direct Investment, European Union Competition Law, Franchising

• School: Ryerson University
• Department: Law and Business
• Course: LAW 724
• Professor: Alex W.

Document Summary

Legal aspects of different foreign market entry strategies. Outsourcing: practice of companies sending service functions abroad, where they can be done more cheaply and efficiently. Actual authority vs. apparent authority: actual authority the agency agreement will describe and find this authority given to the agent, apparent authority authority the agent appears to have. If the agent obtains a commission or benefit from the third party without disclosing this to the principal, the agent is not entitled to a commission on the sale. Preparing the agency contract (not relevant to the exam, pg. In canada, us, other common law, agency relationship can be set up however the parties wish to. Icc international chambers of commerce on agent agreements: provisions for indemnity on termination, international arbitration. Checklist for negotiating an agency agreement ( pg. Distributorship are more common in the case of standardized goods such as cars.