This document discusses several issues related to legal systems and factors in the legal environment. It outlines four main points: 1) different types of legal systems such as common law, civil law, theocratic law, and customary law; 2) differences in contract law between common law and civil law systems; 3) property rights issues relating to private actions like theft and public actions like corruption; and 4) protection of intellectual property which varies between countries and is regulated by agreements like the Paris Convention.

1. LEGAL FACTORS/
ENVIRONMENT
Prashant Sakariya,
S.I.T.
Email:- prashantsakariya@yahoo.in

2. INTRODUCTION
Legal Environment refers to legal system
obtaining in a country. The legal system of a
country thus refers to the rules, or laws, the
regulate behavior along with the processes by
which the law are enforced and through which
redress for grievances is obtained.

3. SEVERAL ISSUES OF LEGAL
SYSTEMS
 Different legal systems
 Differences in contract law
 Property rights (IPR)
 The protection of intellectual property

4. 1) DIFFERENT LEGAL SYSTEMS
 Common law system-
it is based on tradition, judgment made, and
usage in the court assign a position to existing cash
flow of guide dispute resolution.
 Civil Law System-
it is based on systematic and extensive
codification of law.

5.  Theocratic Law system-
this law system relies on religious and spiritual
principles to define legal environment.
 Customary Law System-
this law system anchors itself in the wisdom of
daily experience or great spiritual or philosophical
traditions.

6. 2). DIFFERENCES IN CONTRACT LAW
 Common law v/s Civil Law-
Common law system have the advantage
of greater flexibility and allow for judges to
interpret a contract dispute in light of prevailing
situation.
Civil Law had a common law system
may be back fire or vice-versa.
 CISG(Convention on Contracts For
International Sale of Goods)-
main aim of CISG is to settle a contract
of dispute between seller and buyers.

7. 3). PROPERTY RIGHTS
 Private Action-
it refers to theft, piracy, blackmail, and like by
private individual or groups.
 Public action and corruption-
property rights occurs when public officials
such as politicians, extort income or resources from
property holder.

8. 4). PROTECTION OF INTELLECTUAL
PROPERTY AND ITS REGULATIONS
o IP refers to product which is intangible, that is
computer software or the chemical formula for a
new drug.
o Intellectual Property includes Patents, Copyrights,
Trademarks, etc.
o It differs from country to country because every
country have its different rules and regulations.
o Paris convention for the Protection of Industrial
Property, signed in Paris, France on March 20,
1883. by 96 countries for the protection of
intellectual property.