International Lega and Ethical Issues

International Legal and Ethical Issues Celina Garcia-Sanchez LAW/421 Gregory Martin What are the issues involved in resolving legal disputes in international transactions? The issues are what choice of constabulary clause you are liberation to use in the contract in case of dispute or breach of contract. The separate issue is what forum selection clause is going to be used if in that respects ever an issue or dispute. Both are very important issues to address in the lead getting into contract with a opposed business.You need to take in consideration in what depart of the world you want legal action to take place if your business partner based in another country What are some practical considerations of taking legal action against a foreign business? The considerations would have to be how far do you want to take your legal action and how is it going to affect future business with the company. A consideration would be if arbitration is an option. It would be so much better a nd faster if the business would solve their issues this way.What factors could work against CadMexs decision to grant sublicensing agreements? If they grant sublicensing agreements to other companies, they will be losing money. But on the other hand they can put in a clause where they will collect a certain percentage of royalties for a long period of conviction and that can help balance the loss they are taking by sublicensing. But by doing so, it withal makes them look to a greater extent ethical with higher moral values. When the local customs and laws conflict with the customs and laws of an government activity operating abroad, which should prevail?The customs where the business is being conducted, it makes more sense to do it this way cod to the fact that the country where the business is being done has employees and the employees go by the laws of their own country. They are more familiar with them. How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies patch up domestic and international issues differently? I dont think they should resolve issues differently, the way they are doing it right now by using CISG, WTO, OEDC, and IMF all those organizations help resolve any dispute they may have.