In essence, if someone in Oklahoma, or a business or corporation in Oklahoma, wants to sign a contract with provisions of foreign or international law, they can do so.

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"It's terrible business ethics to be lying and then just get people to sign a contract, especially if English isn't their first language, " says Richard Painter, professor of corporate law at the University of Minnesota.

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Second step: They can sign a contract--symbolic, not binding--stipulating that, by a certain age (provided the business is not in financial distress) that they will move on and let the next generation take its lumps.

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