Addressing International Legal and Ethical Issues Simulation Summary

Addressing International Legal and Ethical Issues Simulation Summary
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Issues Involved In Resolving Legal Disputes in International Transactions
In an event where legal issues arise internationally, a legal requirement that involves two countries may fail to be compatible in resolving such disputes. This therefore points out to the fact that there is a need for companies to undertake proper measures before entering into international treaties and contracts (Kaupins, & Park, 2011). In any way, it is therefore essential to resolve the issues in international transaction by engaging in negotiations, mediations, litigation, and arbitration. A litigation that is done through a foreign court may however turn out to be expensive, with low success rate with this considered as the last option.
Considerations in Taking Legal Actions against Foreign Business Partners
It is essential to determine the fact that actions against another foreign business partner may have some considerations. The costs involved in taking such actions are more likely to be expensive as a result of the need to conduct extensive studies on the relevant laws that may be applied to a particular country. Additionally, the chances of a foreign entity winning a civil suit against a domestic partner are most likely to be lower (Evans, & Gabel, 2014). This therefore means that suing another business partner may result in the tainting of a brands reputation and result in cautions from international partners in allowing such businesses to operate within their land. This therefore means that it is essential to resolve such disputes amicably and behind closed doors as opposed to the use of a court system.
Cadmex's Decision to Grant Sublicensing Agr...