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Hi,
Yes it is very important to be aware of the rules and regulations. Why? Simply because you need to be aware of your rights and what you can ask for and what you shouldn't. Every country has different rules, even when it comes to the smallest things such as annual vacations, sick days policy, and maternity leaves for females. In order to know what you're getting involved in, you need a general idea on the rules. It's even better to get the summary of the rules and the most important ones that you need to know for someone who lives in the country that you're looking to move to.
Good luck sir.