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IB8 - International Legal Agreements

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AB
Civil lawa complete set of rules enacted as a single written system or code
Common lawlegal system based on decisions made by prior cases
Statutory lawlaws created by a body of lawmakers
Liabilitya legal term referring to all responsibility, duties, or obligations
Product liabilityresponsibility of safe products
Negligencefailure to be responsible
World Intellectual Property Organizationcoordinates international treaties to protect patents, trademarks, and other intellectual property
PatentsGrant of an exclusive right of an inventor to make, sell, and use a product or process.
TrademarksDistinctive name, symbol, word, picture, used by a business to identity its products or services
Copyrightsa legal right that protects the original works or authors music composers, playwrights, artists, and publishers
CapacityCapable of making a contract
Mutual agreementboth parties agree
Considerationboth parties put something into the contract
Legal purposea reason for the contract
LitigationGoing to court to solve the issues.


North Hunterdon Business Instructor
North Hunterdon High School
Annandale, NJ

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