Legal and Ethical Simulation

Over the course of completing the simulation, which was designed to address international legal and ethical issues for a company, there were a number of things that can be taken for granted within the United States but is though upon differently in other countries. It was interesting to note that there are distinct issues that must be addressed in resolving legal disputes, especially in international transactions. One issue is that there needs to be a clause, written within the contract, which will address how issues will be resolved between the parties. A second point to consider is that there needs to be some type of enforcement to confirm that a resolution will take place.

One of the questions in the simulation dealt with deciding how to take any kind of legal action against a foreign business partner outside the boundaries of the United States. Overall, when taking any kind of legal action, a company always needs to take into consideration the laws of the country they are doing business transactions in. That is very important for any company wanting to do business on foreign soil. When a business operates in a foreign country, and has any dispute, the laws of that particular country will override any other laws. Furthermore, the foreign country can actually shut down operations if the company decides to file a lawsuit and are not familiar with the laws of that country.

As the simulation continued, the scenario came up that dealt with the granting of sublicensing agreements by CadMex when their product needed in a greater quantity than what they had already produced. One of the first problems that can arise for CadMex is a potential shortage of sub-paragraphs within the sub-licensing agreement that would be designed to enforce the agreement. Another problem would consist of having too many sublicensing agreements out and not having a proper system in place for monitoring the activities accurately for each license owner. The ultimate problem