A direct sale by an American firm to a customer abroad, with terms of payment commonly based on an irrevocable letter of credit, is an import sale.
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Q10: TRIPS is the WTO agreement that deals
Q11: The World Intellectual Property Organization administers the
Q12: The purpose of most-favored-nation treatment is to
Q13: The "Turtle Law" prohibits the importation of
Q14: "Know-how" secrets and processes are considered intellectual
Q16: A 'choice-of-law' provision in an international contract
Q17: The goal of the North American Free
Q18: Franchising is a form of licensing that
Q19: A letter of credit agrees to provide
Q20: Under the General Agreement on Tariffs and
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