The increase in travel, trade, and technology has made the world a smaller place, and today’s business student must understand how to successfully operate within the international sphere. Legal Aspects of International Business, 4th Edition provides business students with a deep understanding of international business laws and regulations and how they impact Canadian businesses and the economy. Topics include both public and private international law, risk management strategies, trade agreements, and negotiating contracts.

This edition presents up-to-date content and coverage of relevant current issues, including an in-depth review of key GATT principles, the differences between NAFTA and the recently negotiated CUSMA, key provisions of CETA, and the effects of Brexit. This edition also features end-of-chapter Critical Analysis boxes focused on legal and ethical considerations.

• Updated legislation, new trade agreements, and political developments: CETA, CPTPP, Brexit, CUSMA, Incoterms, updated lists of regional agreements and changes to Canadian legislation affecting international business transactions
• New ethics and business critical analysis boxes throughout all chapters
• Increased emphasis on contractual clauses and dispute resolution
• New chapter summaries and revised learning objectives
• New examples from Western Canada
• New section on pre-contractual instruments
• Practical checklists and glossary

Part I: Public International Law
Chapter 1: International Organizations and International Law
Chapter 2: The World Trade Organization
Chapter 3: The North American Free Trade Agreement (NAFTA)
Chapter 4: The European Union and Other Regional Trade Agreements
Chapter 5: Canada’s Response to Global Rules: Domestic Rules for Imports and Exports

Part II: Private International Law
Chapter 6: Negotiation of International Contracts (Part 1): Pre-Contractual Instruments and Sale of Goods Contracts
Chapter 7: Negotiation of International Contracts (Part 2): Contract Challenges and Risk Management
Chapter 8: Intellectual Property and International Business
Chapter 9: Legal Aspects of Different Foreign Market Strategies
Chapter 10: Settlement of Private International Business Disputes

Chapter 1: International Law and International Organizations

A Note to Readers: Some of the Incoterms appearing in Chapter 6 of the print edition are incorrect. Please see corrected information below. Any future ICC updates will be posted here.

Corrections to the Incoterms on pages 187-88 (docx)

Corrections to the Incoterms on pages 187-89 (PDF)

Note to readers regarding NAFTA/CUSMA: The digital versions of this book have been lightly updated to reflect the ratification of CUSMA since this fourth edition was published, including the title of chapter 3 accordingly. This chapter continues to discuss the details of NAFTA as well as CUSMA, and the transition between them. Hard copy versions of the text will reflect these changes in the next printing.

Instructor Resources

• Instructor's Guide
• PowerPoint Presentations
• Test Bank

For free instructor resources, please contact instructor support.