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Business Englisch II (Fach) / Vokabeln (Lektion)

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• Which four general areas of running a business are typically affected by the law? People, product, premesise and profit are the four general areas of running a business which are affected by the law.
• Which people are described as being affected by the law? employees, management, shareholders and customers
• What kind of responbilities does a manufacturing company have towards customers? To ensure the product is safe, to describe it accurately in advertising and on packing.
• What is important from a legal point of view about the way a job is advertised? Laws relating to descrimination, diversity and equal opportunities.
• What is important from a legal point of view about how products are advertised? What is said in the advertisement and how it is said.
• Why is intellectual property law important for companies? Because it needs to protect its right to patents, tradmarks and copyrights.
• Which laws are relevant for companies regard to the working enviroment in its office and factories? They must observe health and safety laws in the factories and in the office.
• What can companies do to reduce the amount of tax they have to pay? They can use tax-avoidance schmeme.
• What is the legal standing of a company? legal status
• a legal challenge resulting from a product that cause harm.. a product liability claim
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• written laws.. legislation
• copying someone´s registered invention infringement of patents
• not to pay tax but in a illegal manner tax evasion
• the law relating to hiring and firing employment law
• the law that protects the buying pubic consumer law
• the law regulating the manufacture and sale of pharmaceuticals medicines law
• the law relating to a share of profits paid to the state tax law
• the law concerning the well being of employees health and security law
• Why is arbitration sometimes thought to be better than going to court? Arbitration would be sometimes better than going to court, because it is an effective way to solve the dispute.
• Name the three keys for in-house general counsel to favour abritration -more and flexible procedures -the lack of publicity -better chances of enforcement
• How do lawyers feel about the idea of being ble to appeal against arbitration decisions? The majority of lawyers reject the idea of introducing an appeal system for arbitration, because it could help to remove some of the legal inconsistencies that exist between individual judgement, but they would inevitably add time and cost to the process.
• Are arbitration procedures become more common or less common? There has been a visible growth in the use of arbitration and other ADR (alternative dispute resolution) procedures. many big law firms have also been increasing their capacity in this area
• What three reasons do lawyers give for avoiding litigation? -Being anxious about foreign aw and law courts -cost money and time -Lack of confidentially 
• Which reason was given as a couse for concern for both arbitration and litigation procedures? The cost involved
• "...mainly in countries with well regarded court systems.." court system which are thought to be good
• "..litigting under a foreign law.." bringing or defending a lawsuit
• Why are legal systems in different countries said to be in competition with each other? Because peopöe amd businesses are looking around for the most approprirate legal systems before they enter into a legal relationship
• What exactly meant by choice of law? And how does that differ from forum shopping? Choice of laws: choosing a jurisdiction for solving a dispute before a dispute arises. Forum shopping: looking for the "best" jurisdiction after a dispute has arisen.
• How do English courts differ from courts in America in the way they interpret contracts? English courts strictly interpret the contrast as it is written. In Americ, courts consider the intentions of the parties and how reasonable the contract is.
• "..defend clams that.." argue your positions in a legal dispute against you..
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• "..to determine the terms of.." decide exactly what  the terms are
• "..much more freedom to write whatecer contract the parties want that.." fewer restrictions on what cn be included in a contract
• "..from vested legal interest which resent.." people or organisations  that enjoy a benefit from the existing situation
• libel damages compensations for an untrue published statement that harms somes´s reputation
• legal framework legal structure
• litigation bringing lawsuits

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