texts: Today , we have invited a special guest , Prof . Yang . He will give us some advice on the legal aspects of international business . Your international legal advice is important to our business well being . Please give us some counsels on such issues as which laws govern the contract , what recourse is available for default or breach of contract by our clients or what to do if a dispute arises .
labels: The significance of understanding the nuance and distinctions of foreign customs and business practices are a continual challenge for global entrepreneurs and trader . Despite many countries accession to TO membership , trade and investment frictions are still predominant among existing membership . However , these frictions will be better managed under the TO trade rules and the organization's dispute settlement mechanism .