Law421 week 2
International Legal and Ethical Issues
LAW/421
October 15, 2013
Walter Chapman
International Legal and Ethical Issues
International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions?
“Whenever a U.S. firm enters into a contract situated in a different country, it should make sure the agreement is officially enforceable” (Melvin, 2011). Exactly the same would pertain to a global company, and they must be completely conscious of any modifications 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 crucial factor a company must take into account is the rules of the country that it goes into when conducting business. Legislation in the United States of America might not be the identical to legislation in the overseas country. In case a particular legislation is broken, simply because the law is enforceable in the U.S., it might not be enforceable in the overseas country. Even though agreements are binding contracts, they are just binding in case the law agrees. One final aspect to consider are specific countries may refuse additional business transactions in that country when they file a case (Melvin, 2011).
What factors could work against Cad Mex's decision to grant sublicensing agreements?
The issue with sublicensing contracts is when an organization or company selects to develop several quantities of them, the more they enhance their possibilities of having a case brought against them. If the organization forgets to incorporate in sub-paragraphs in the agreements absolving them of any legality due to the contracts, they may be completely responsible for any financial harms. These types of fiscal harms might be from a company or person suing one of the companies established in the sublicensing contract (Melvin, 2011).
When the local customs and
LAW/421
October 15, 2013
Walter Chapman
International Legal and Ethical Issues
International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions?
“Whenever a U.S. firm enters into a contract situated in a different country, it should make sure the agreement is officially enforceable” (Melvin, 2011). Exactly the same would pertain to a global company, and they must be completely conscious of any modifications 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 crucial factor a company must take into account is the rules of the country that it goes into when conducting business. Legislation in the United States of America might not be the identical to legislation in the overseas country. In case a particular legislation is broken, simply because the law is enforceable in the U.S., it might not be enforceable in the overseas country. Even though agreements are binding contracts, they are just binding in case the law agrees. One final aspect to consider are specific countries may refuse additional business transactions in that country when they file a case (Melvin, 2011).
What factors could work against Cad Mex's decision to grant sublicensing agreements?
The issue with sublicensing contracts is when an organization or company selects to develop several quantities of them, the more they enhance their possibilities of having a case brought against them. If the organization forgets to incorporate in sub-paragraphs in the agreements absolving them of any legality due to the contracts, they may be completely responsible for any financial harms. These types of fiscal harms might be from a company or person suing one of the companies established in the sublicensing contract (Melvin, 2011).
When the local customs and