What is the difference between domestic and international business law?
The difference between domestic and international business law lies in the scope of their respective legal jurisdictions. Domestic business law applies to businesses and transactions that occur within a single country or nation. It is the set of laws that governs the formation, operation, and dissolution of businesses. It governs the relationships between those businesses, their employees, and customers. It also establishes the rights and responsibilities of businesses regarding the environment and protection of intellectual property. International business law, by contrast, applies to businesses and transactions that occur across multiple countries. It is the set of laws that governs the formation and operation of international businesses, as well as their relationships with other businesses, customers, and employees in other countries. It also establishes the rights and responsibilities of these international businesses regarding environmental protection, enforcement of copyrights and trademarks, and so on. International business law also covers disputes that arise between two or more countries.
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