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A Canadian company appointing a distributor in a foreign country need only comply with Canadian competition legislation rules as they will govern all competition rules for any such agreement.

True
False

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06-08-2024
Business

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A Canadian company appointing a distributor in a foreign country need only comply with Canadian competition legislation rules as they will govern all competition rules for any such agreement.

True
False

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-06T13:08:43-04:00

Final answer:

The Canadian company must comply with competition laws of both Canada and the foreign country, making the statement false.

Explanation:

False

The statement is false. When a Canadian company appoints a distributor in a foreign country, they need to comply with not only Canadian Competition legislation but also the competition laws of the foreign country where the distribution agreement will take place. Each country has its own set of competition rules and regulations that must be followed to ensure compliance and fair competition practices.

Furthermore, international trade agreements and laws play a crucial role in governing business practices across borders, and companies operating overseas must adhere to both domestic and international trade laws to avoid legal issues and ensure ethical business conduct.

Learn more about Competition laws in international business here:

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Final answer:

Explanation:

Learn more about Competition laws in international business here:

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