BobTHJ wrote:
> It seems that a foriegn company would be recognized
> within a nationality and be forced to abide by that nationalities
> laws while operating within such a nationality. 

Interestingly, the previous version of the text required that the
agreement be made with the intention (of those making the agreement)
that it would be justiciable by Agoran law:

>      Players may make agreements among themselves with the intention
>      that such agreements will be binding under the rules. 

In the context of your question, this means that a pre-existing
multi-national would have to come up with an "operating charter" 
describing its business arrangement specifically with respect to
Agora, and it's that operating charter which would be subject to
Agoran law. 

The new version is problematic, in that:

>      Persons may make agreements among themselves with the intention
>      that such agreements will be binding.

is actually a truism.  Of course persons can do that, and they don't
need Agora's permission to do so.  There's two ways to read this.  
The first is that by "allowing" any and all persons to do this, Agora
is trying to claim regulation over all types of agreement everywhere.
The second is that this still only applies to agreements made with
the intent that they be binding "under the rules", that is, the
rule should be treated as if "under the rules" was still appended
to it, and only applies to agreements made with the expressed intent
that they were binding under the Rules.  I think the second
interpretation is preferred; as such, unless proprietors of Bob's
Quality Cards can provide specific evidence that they intended the
agreement to apply or were setting up shop in Agora, it probably
wouldn't count as an agoran partnership.

-Goethe





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