Addressing International Legal and Ethical Issues Simulation

Addressing International Legal and Ethical Issues Simulation When a business conducts international transactions with other countries he or she needs to understand the laws and sensitivity of foreign culture, religion, and politics when making decisions. Some foreign countries can have problems with the contract, which can cause disputes that will need to be resolved. Generally, the international legal and ethical issues are a starting point for businesses to do international trade with other countries. The government sets laws and rules for organizations to help aide him or her into managing a trade and commercial relationship with foreign countries. There will always be something that the other person does not agree with when creating a contract. A business entering into an agreement or contract with a company in a foreign country can have some issues with ethical dilemmas, disagreements with ideas, and changes in legislation. They must make certain that the contract or agreement is legally binding and is enforced by laws. With any decision in taking legal action against another country the organization can look at the written contract or agreement to see governed laws and any jurisdiction clauses. This will show both parties what laws are applied to that country and to any disputes. Another consideration the company can think about, will the claim against the business be in foreign court and can he or she avoid the international dispute. In the case of CadMex the factors that could work against their decision to sublicense is Gentura could decide to sell the product to the highest bidder. However, sublicensing a product related to sales, marketing or advertising would need to be stated within the contract with restrictions and conditions. With issues in foreign customs and laws the company could have conflicting issues. Employees working within the company may have religious belief and laws set for certain days of the month it is the company’s