Addressing International Legal and Ethical Issues Simulation Summary

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  • Topic: Contract, Law, Commercial law
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  • Published : October 1, 2012
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Addressing International Legal and Ethical Issues Simulation Summary Student Name
August 17, 2012
Instructor Name

Addressing International Legal and Ethical Issues Simulation Summary In this paper, I will discuss many of the issues addressed in the University of Phoenix simulation "Addressing International Legal and Ethical Issues". It is important to understand how to address international legal and ethical issues in order to create strong business relationships internationally. Prior to entering into international contractual business agreements it is vital to take into consideration the rules and laws of all countries that are to be bound by those agreements, as well as any multinational governing bodies such as the WTO. Among the many issues that should be considered include the political stability of the countries involved, copyright and patent protection laws, employment laws and regulations, ethical and cultural diversity matters. Finally, I will examine the companies discussed in week one and determine different ways for them resolve domestic and international disputes. Simulation Analysis

Candore and the United States are trying to work together to get the licensing for some drugs. In the simulation, we were given three scenarios the first wanted us to determine whether to litigate in the United States or in Candore. The decision was made to do a binding arbitration. This ensured that whatever decision made were final and because Candore was a dictatorship this way was easily a favorite. In the last scenario a US based company in Candore had place some Arabian workers on suspension because they violated their contracted. The contract stated they all lab workers were to be clean-shaven and because of their religion on certain week in July, they were unable to abide by the contract. Even in the most well thought out contracts, when dealing with other cultures it is important to tread very lightly when bringing up any disputes....
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