International Legal and Ethical Issues

Topics: Contract, Law, Philosophy Pages: 2 (532 words) Published: January 6, 2014


International Legal and Ethical Issues
Toronio Elam
LAW/421
October 7, 2013
Titus Nichols

International Legal and Ethical Issues
In week two of LAW/421 there has been an objective set forth in addressing international legal and ethical issues based upon the web simulation. Amongst this objective there has also been a list of questions given to anchor the body of the summary. Addressed in this summary will be the issues involved in resolving legal disputes in international transactions. Another key factor in this summary will be the discovery of practical consideration of taking legal action against a foreign business partner based in another country. Finding out what factors that could work against CadMex’s decision to grant sublicensing agreements is also another question that will be spoken on. The explanation of why local customs and laws conflict with the customs and laws of an organization operating abroad along with explaining which shall prevail will too be discussed. The final question being incorporated into this summary is the comparison of issues in the simulation to the domestic legal issues discussed in week one reading along with explaining how companies should resolve domestic and international issues differently. What are the issues involved in resolving legal disputes in international transactions?

The issues involved in resolving legal disputes in international transaction ultimately would be money. The biggest issue with money is that it is a fight over who is going to receive it and who is not. For the sake of resolving or preventing legal disputes in international transactions legal backing in efforts to enforce contracts with cross-border multi-jurisdiction should be established. What are some practical considerations of taking legal action against a foreign business partner based in another country? Contractual legal agreements should be drawn upon starting a business. Between the foreign business partners...

References: U.S Court of International Trade. (2013). Retrieved from http://www.cit.uscourts.gov
U.S Rights Guaranteed. (2012). Retrieved from http://www,gpo.gov
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