Posts

Showing posts from July, 2020

How to Become a Lawyer | Legal Career Guidance for US & UK Law Students

Image
HOW TO BECOME A LAWYER IN THE UNITED STATES OR THE UNITED KINGDOM?United States of America1)         How to become a LawyerAlthough the specific requirements for becoming a lawyer in the United States vary depending on the state, but the general prerequisites are the same. In a nutshell, you will need to graduate from a law school and pass the state bar exam to be eligible to practice law in the United States. Even though becoming a lawyer might seem like a very lucrative career – which happens to be true in most cases – but a great deal of effort and hard work needs to be put to become one, as one requires at least seven (07) years of schooling after high school.2)         Getting into a Law SchoolIf you have developed an interest in law early on (in high school, for example), it would be good to join your high school’s debate or moot court team, and participate in other activities related to the legal field. You do not have to wait until law school to start gaining skills and experi…

Consider the following perspectives of a buyer and a seller in a cross-border sales transaction: Seller (U.S.): We hope to get more business from this company – using the right means we really can make a great return on this shipment of books, and both parties are happy. In the best American tradition, we want to meet all our customer’s needs, but really, with a one-off shipment, managing the transport to the U.K. port is easy to fit in with our more regular clients. Buyer (U.K.): This is my first really big shipment from the U.S. book supplier, but I can’t afford for them to do all the work. I can deal with the U.K. side, and by contacting the Institute of Freight Forwarders I got hold of a really reputable company – they’ll sort everything out in the U.K., but will only insure from the U.K. quayside. They can even arrange delivery direct to the conference centre the day we are setting up, so I don’t have to pay any storage charges. What are the INCOTERMS? Analyse the above situation, explaining in what ways each INCOTERM would and would not be ideal for this situation.

Image
As international borders have gradually but certainly become significantly less of an obstacle to international trade, and bodies such as the WTO and the EU have worked hard to encourage trade on an international basis, a certain level of standardisation has been both inevitable and encouraged. INCOTERMS are an example of such globalisation as they are the standard terms used across the globe in both international and domestic contracts for the sale of goods. INCOTERMS are used to determine many core elements to a contract, including collection, payment, and who is responsible for the goods. However, even standard terms cannot alleviate some of the problems that can arise. It is submitted that, due to cultural differences across the globe, the same term agreed between two parties can be interpreted very differently and the words as they appear on paper may not in reality represent a consensus.[1] It is therefore incredibly important that the meaning of such terms of understood alongsi…