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Law 421 Week 2 Individual Addressing International Legal and Ethical Issues Simulation (2)

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Law 421 Week 2 Individual Addressing International Legal and Ethical
Issues Simulation
Individual Addressing International Legal and Ethical Issues Simulation
Summary Complete the Addressing International Legal and Ethical Issues
simulation located on the student website. Write a 350-word summary. In your
paper, answer the following questions:
• What are the issues involved in resolving legal disputes in international
transactions?
• What are some practical considerations of taking legal action against a foreign
business partner based in another country?
• What factors could work against CadMex's decision to grant sublicensing
agreements?
• When the local customs and laws conflict with the customs and laws of an
organization operating abroad, which should prevail? Explain why.
• How would you compare the issues in this simulation to the domestic legal
issues discussed in your Week One readings? How should companies resolve
domestic and international issues differently?
ANSWERS
1. What are the issues involved in resolving legal disputes in international
transactions?
In the text states, 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). Therefore, resolving legal disputes in international transactions
also pertain to issues resolved in legal disputes in global companies. Global
company should always acknowledge amendments made to the global rules and
regulations (Melvin, 2011).

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