BLaw 210 1nd Edition Lecture 15 Outline of Last Lecture I Trade secrets II Patents III NUN IV Trademarks V Business use 4 marks to identify their products VI Copyrights VII Bailment VIII Elements of Bailment Outline of Current Lecture I W T O II What WTO does III US attorney general IV Corruption defined transparency international V Bribery VI Malfeasance Current Lecture I W T O a The WTO aims to increase international trade by promoting lower trade barriers and providing a platform for the negotiation of trade b WTO trade system principles i Should be free of discrimination ii Should tend toward more freedom by lessening trade barriers iii Should be predictable for foreign firms and government iv Tend toward greater competition These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute II III IV V VI c Dispute resolution mechanism Methods for reinforcement d MFN i Most favorite nation What WTO does a A platform for trade negotiation b A platform for trade dispute settlement US Attorney General a Global corruption undercut democracy and the rule of law it destabilizes markets and it creates an uneven playing field for those companies who are committed to playing by the rules i FCPA Corruption Defined Transparency International a Corruption is the abuse of entrusted power for private gain b Corruption distorts the free market Bribery a The offering giving receiving or soliciting of something of value for the purpose of influencing the action of an official in the discharge of his public or legal duties Malfeasance a Intentionally doing something either legally or morally wrong which one had no right to do b It always involves dishonesty illegally or knowingly exceeding authority for improper reasons
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