Addressing International Legal and Ethical issues Simulation Summary Janella Fisher
June 16th, 2014
Addressing International Legal and Ethical issues Simulation Summary
When issues are involved in resolving legal disputes in international transactions an international mediation should take place for determining these international disagreements. In the meantime, there should be a stipulation of dispute resolution put into place whether or not if any infringements arise which will cover the processes for a resolution. This would include the procedures, legal action or settlements, and the courts authority. With that said, contract provision should be imposed through the cross-border multi-jurisdiction transactions for legitimate support. Preventing disputes with a foreign business partner is not likely but some practical considerations of taking legal action against a foreign business partner based in another country from being more of a headache can be to making sure that the laws between the countries have written documents stating that they have reached a mutual agreement and understand the terms and conditions under the English laws and courts by each party. Some other considerations can be to providing a hard copy to confirm their negotiations and embrace a provision of arbitration incase if a disagreement should arise. The factors that could work against the CadMex’s decision to grant sublicensing agreements is that if the third party has careless intentions this could create accruing litigations. Also, if a member of the staff makes mistakes by not complying with what is written in the agreement the company would be held accountable for the carelessness. What should prevail when the local and customs and laws conflicting with the customs and laws of the organization operating abroad, are the local customs and laws in which the organization is operating in no matter what country they may be in. The reason...
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