The legal implications that arise from conducting international business are numerous. If the entrepreneur has little or no knowledge of these implications, they can lead to destructive repercussions for the business itself. International agreements contain obligations and rights for both sides. When one or both sides don’t comply with them then this will lead to legal actions. International business law is complicated because they apply differently in different countries or regions. Innovation and the copyright protection of knowledge is also more complicated on the international stage. This is also addressed in the topic. That is why the modern entrepreneur must understand the main elements of international business law before he/she start to operate with the business.