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Understanding UK and US Business Law Concepts
When expanding a business from the UK to the US, it's essential to understand the differences in business law between the two countries. UK and US business laws have distinct approaches to contracts, employment, intellectual property, and corporate structure.
Key Differences in Contract Law
UK and US contract laws have different implications for businesses. In the UK, contracts are governed by the common law principle of good faith, whereas in the US, contracts are designed to make parties a target for litigation .
US contracts are more litigious, and parties are encouraged to engage in settlement negotiations. The US has a more mercenary system, where litigation is a war of financial attrition, and parties with more financial resources are more likely to get the settlement they want .
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John Lok
I had graduated business Administration Science Degree in Common Wealth Open University. Then, I concentrate on researching whether how economic changing environment can influence our behaviors, e.g. consumer behavior in behavioral economic view. I had researched different behavioral economic topics included how artificial intelligence influences economic environment changes, how artificial intelligence influences consumer behaviors, how disease influences traveler leisure psychology, how economic changing environment influences public transport passenger choice, how e-commerce market influences consumer behavior etc. different books are published. I hoped my readers can make accurate analysis to learn how and why the economic changing environment influences consumer behavior in behavioral economic view.
