1. Explain the importance of Law for the development of business environment in a local and global level

2. Define primary and secondary sources of Law. Give one example of a secondary source of Law and elaborate about how it can influence a primary source.

3. Explain the Incoterms and give one example of an international agreement, explaining its importance for business.

4. Elaborate about how organization like UNCITRAL or UNIDROIT can have a positive effect for the International business environment ?

NOTE : Please it is important to use academic citations and references for this essay. A clear explanation with examples must be used. Thank you!