Answer these 5 questions 1. In the private international law setting, contracts are important in answering difficult
Question:
Answer these 5 questions 1. In the private international law setting, contracts are important in answering difficult and often complicated "Choice of Law" and "Choice of Jurisdiction" questions. Explain what is meant by "Choice of Law" and "Choice of Jurisdiction" in private international law. What is the best option for international businesses to avoid answering these questions in the event of contractualdisputes? 2. Compare and contrast the fundamental principles of a valid legal contract and the elements of a contract. Describe the four elements of avalidcontract. 3. What is international law? Describe the two branches of international law. Compare and contrast domestic law and international law. Highlight at least three challenges for the enforcement of internationallaw.
4. What is trade in services? Briefly describe the four modes of trade in services under the World Trade Organization (WTO) General Agreement on Trade in Services(GATS). 5. Describe arbitration as a method for resolving international trade disputes. Having regard to the work of the World Intellectual Property Organization (WIPO) Dispute Resolution Centre, compare and contrast arbitration and mediation. What are the advantages and disadvantagesofeach?