Aaltodoc publication archive (Aalto University institutional repository)
School of Business | Department of Accounting | Business Law | 2015
Thesis number: 14233
Legal risks at foreign business agreements
|Title:||Legal risks at foreign business agreements|
|Year:||2015 Language: eng|
|Department:||Department of Accounting|
|Academic subject:||Business Law|
|Index terms:||yritysjuridiikka; business law; yhtiöoikeus; company law; riski; risk; liiketalous; business economics; kauppaoikeus; commercial law; lainsäädäntö; legislation; oikeus; law; sopimukset; contracts|
|Key terms:||Business agreement, legal risk, contract law, business risk, civil code, Common Law|
The primary objective of this study is to understand the framework how to build an inter-national business agreements, complexity of agreements in the multinational trade and its' regulation, laws and finally evaluate and discuss the potential legal risks which may occur in these international agreements.
Objectives for this study has been that find an answer to a question: "How to make an international business agreements according to international and local standards and what has to be taking into consideration to minimize the legal risks?"
The research is mainly literature, articles and interview research combined with long and broad experience of the author. The literature search was very broad and comprehen-sive. One CEO of the international company was interviewed for this study in the one case.
There are several legal risks which have to be taken in the account. The international business agreements are not only written in English, but they have also adopt the Com-mon law terminology and legal structure. There are a number of agreements to void and force majeure clauses to apply. Contractor has to know the different risks of deliveries of the goods and how to limit these risks. Arbitration procedure is used in the international business agreements due its fast implementation. Legal risks can stated also the political, bribery and money laundry risks. There is insurance for liabilities available but there is no insurance for bad business agreements or agreements which legal risks are not evaluat-ed enough. Companies at SMB segments does not have legal resources and
Master's theses are stored at Learning Centre in Otaniemi.