1. Overview of Canadian Law
Legal systems in other jurisdictions may be very different from the Canadian system, so it is important for any business or business person to be aware of other forms of law especially if there is an intention to operate in a different country or region.
- Common law: This type of legal system is based on prior court decisions and is used in countries such as the United States, Canada, the United Kingdom, and Australia.
- Civil law: This type of legal system is based on written codes and is used in countries such as Germany, France, and Japan.
- Religious law: This type of legal system is based on religious beliefs and is used in countries such as Saudi Arabia and Iran.
- Traditional or customary law: This type of legal system is based on customs and tradition and is used in many African countries.
- Mixed legal systems: This type of legal system combines elements of different legal systems, such as common law and civil law, and is used in countries such as Scotland and South Africa.
Legal systems in other countries often have different laws and regulations that may affect how the business operates. Laws can determine how goods and services are purchased, what taxes are applicable, how contracts are formed and enforced, and how intellectual property is protected. Understanding and complying with the laws of other countries is essential for businesses that operate in international markets. Failing to comply with foreign laws can have significant financial and legal consequences.