This textbook provides an overview of current international business patterns and the laws surrounding such patterns, with an emphasis on what makes them different from domestic ones. A significant force underlying the internationalization of the world economy has been the rapid, sustained growth of international business, both in the traditional form of international trade and in the newer forms of multinational, global, and transnational business.

The design of this book is to provide the student with a basic understanding of the major rules governing cross-border commercial transactions in the contexts of both substantive and procedural law. It is written from a pragmatic point of view to give the student more than just the theoretical components of international business transactions.

In the context of procedural law, topics covered include international contracts, international sales, international finance, international transportation, and tax. This text covers the various types of structures used to conduct international business, the types of contracts in international transactions, trade terms, required documents for payments, shipping, transportation, and banking. It also explains tax structures, tax evasion vs. avoidance, and the various updated international tax policies recommended by the Organization for Economic and Cooperation Development (OECD).