Globalization
Globalization is the growing integration of economies, businesses and people across national borders through trade, investment, technology and the movement of people. It is an economic and social term rather than a legal one. For businesses, it raises legal issues such as cross-border contracts, trade rules, foreign investment, tax and intellectual property protection abroad.
How BC law treats it
No specific BC law governs globalization. The most relevant legal point for a BC business is that cross-border deals should specify the governing law, the forum for disputes and how judgments or awards will be enforced; international trade agreements and federal laws on export controls and sanctions may also apply.
What it means for your business
A business expanding abroad should protect its trademarks and other intellectual property in each target country.
Risks and common mistakes
Contracts with foreign parties that do not specify governing law and dispute resolution can lead to costly disputes about where and how to sue.
Browse the full Fulcrum Law Dictionary for related terms.
General information about British Columbia and Canadian law, current to October 2026. It is not legal advice.
