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PART 1.THE CONDUCT OF BUSINESS IN THEWORLD COMMUNITY 2

Chapter 1.Commerce or Isolation：The Decision to Contract Across Borders 2

Chapter 2.The Actors：The Nations and Institutions of International Trade and Contracting 13

Section 2.1Who Are the Foreign Traders？ 13

Section 2.2Nonmarket Economies and State Trading Organizations 17

Section 2.3Dependent，Developing and Advanced Developing Countries The New International Economic Order and a Law of Development 18

Section 2.4International Economic Institutions 20

Section 2.5The Role of Counsel in International Business 25

Chapter 3.Forms of International Business 44

Section 3.1Trading Goods Across Borders：Exports and Imports 44

Section 3.2Licensing Production Abroad 46

Section 3.3Foreign Investment 48

PART 2.INTERNATIONAL TRADING OF GOODS 52

Chapter 4.Agreements for the International Trading of Goods 52

Introduction 4.0 The Basic Transaction-Toys to Greece 52

Problem 4.1Formation of an International Transaction：Insulation to Germany 80

Problem 4.2Commercial Terms，Bills of Lading and Insurance—Books to Bath 111

Problem 4.3Wars and Other Frustrations：Oil From Araby 146

Problem 4.4Electronic Commerce：Outbound Organics Company and Digital Goods Ltd 185

Problem 4.5The Bill of Lading：Computers to Caracas 225

Problem 4.6Selling Through Distributorships/Agents and the Use of Countertrade：Growfast in Mexico and Russia 258

Chapter 5.Financing the International Sale of Goods 290

Introduction 5.0 Letters of Credit 290

Problem 5.1 The Letter of Credit and Electronic Communication：Gold Watch Pens For France 293

Problem 5.2 Enjoining Payment of Letters of Credit for Fraud：VCRS From China 341

Problem 5.3 Standby Letters of Credit：Electronics to Israel 380

PART 3.TRANSFERS OF TECHNOLOGY 416

Chapter 6.Licensing Theft and Protection of Intellectual Property 416

Introduction 6.0 Intellectual Property and International Transactions 416

Problem 6.1 Franchising and Trademark Licensing： Colonel Chicken Goes Abroad 428

Problem 6.2 Patent and Knowhow Licensing：Oil Drilling Bits in Germany and Mexico 463

PART 4.DISPUTE SETTLEMENT 494

Chapter 7.The Resolution of International Disputes 494

Introduction 7.0 The Resolution of Business Disputes 494

Problem 7.1 Resolution of International Disputes：Televisions Everywhere： Choice of Forum and Jurisdiction 520

Problem 7.2 Service of Process， Forum Non Conveniens and Choice of Law：Orchid Fertilizer to Venezuela 557

Problem 7.3 International Enforcement of Foreign Arbitral Awards：Cars From Malaysia 591

Appendix The European Union 622

INDEX 653