Addressing International Legal and Ethical Issues Simulation Summary

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Addressing International Legal and Ethical Issues Simulation Summary Nicole Williams LAW/421 March 7, 2013 Kenneth C. Kanouse, J.D Addressing International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international business transactions are legal, ethical, and cultural issues. International transactions and dispute resolutions require both an understanding of the law and sensitivity to foreign culture, politics, formal and informal power structures and decision-making approaches (White and Williams, n.d). However, the issues in resolving the legal dispute is what county should have jurisdiction meaning where would the trial be held. Other issue is what country laws should be applied and whether any foreign judgment obtained might be enforced in the court of choice. The international countries laws are the laws that need to be taken into consideration because the United States law is only upheld within the United States and not international countries. When going into a contract with international companies the Unites States must make sure the international company can enforce the contract legally. The United States must also consider the cultural and ethical differences in business transactions. What factors could work against CadMex's decision to grant sublicensing agreements? Sublicensing agreement is when an organization has too many agreements and does not fully incorporating sub-paragraphs. This allows the organization to be hit with lawsuits when contract workers do something wrong. It makes the company liable for any and all damages. CadMex’s decision to grant sublicensing agreement will increase the chance of having a lawsuit brought against them in the future. CadMex's must create a detailed contract

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