International Legal and Ethical Issues Simulation Summary

International Legal and Ethical Issues Simulation Summary

Della Seguine

Law/421 Contemporary Business Law

Douglas Edmunds

March 18, 2013

What are the issues involved in resolving legal disputes in international transactions?

"Whenever a United States firm decides to enters into a contract that is in a different country, it should ensure the agreement is officially enforceable" (Melvin, 2011). Exactly the same would refer to a global company, and they must be totally aware of any revisions made to global rules and regulations.

What are some practical considerations of taking legal action against a foreign business partner based in another country?

The most essential factor a company must take into account is the rules of the country that it chooses to conduct business with. Legislation in the United States of America may not be similar to legislation in a country overseas. In case a specific legislation is broken, merely because the law is enforceable in the U.S., it may not be enforceable in a country overseas. Although agreements are binding contracts, they are just binding in case the law agrees. One viewpoint to consider is that certain countries may decline additional business transactions in that country when they file a case (Melvin, 2011).

What factors could work against CadMex's decision to grant sublicensing agreements?

The problems with sublicensing contracts is when a company or organization chooses to create several quantities of them, the more they increase their possibilities of having a case brought against them. If the organization fails to incorporate in sub-paragraphs into the agreements pardoning them of any legalities due to the contracts, they may be totally responsible for any financial harms. These types of financial harms may be from a company or individual suing one of the companies established in the sublicensing contract (Melvin, 2011).

When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why.

When native rules and traditions clash with the rules and traditions of a company working overseas, there should be no explanation. The rules and native traditions of the country which the United States organization decides to work with would succeed. Normally in most scenarios, the United States located companies would need to sign an agreement declaring they would do business with respect to the rules and traditions of the nation (Melvin, 2011).

How would you compare the issues in this simulation to the domestic legal issues