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Law 421 Week 2

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In the text states, “Whenever a U.S. firm enters into a contract situated in a different country, it should make sure the agreement is officially enforceable” (Melvin, 2011). Therefore, resolving legal disputes in international transactions also pertain to issues resolved in legal disputes in global companies. Global company should always acknowledge amendments made to the global rules and regulations (Melvin, 2011). When taking legal actions against a foreign business partner based in another country there are some practical considerations. These considerations consist of the guidelines of the country; a country has elected to conduct business with. In most cases Country’s overseas are not always equal to the legislations laws enforce in the United States. It is important that Agreements made when transacting business in other counties. These agreements are known as binding contracts in with both countries’ come to agree upon. In some cases some countries may even refuse to conduct further business with a particular country if the country files a case (Melvin, 2011). Factors that work contrary to the CadMex's decision for granting sublicensing agreements occur when businesses chooses to enhance the possibilities of cases brought against them by choosing to develop records of sublicensing contracts. Businesses must always incorporate in sub-paragraphs in the transaction agreements; the business must take responsibility of any financial difficulties by pardoning the business of any legality outstanding to the contracts. These fiscal difficulties can come from either the business or an individual who sues the businesses documented in the sublicensing contract (Melvin, 2011). When native rules and traditions clash with the rules and traditions of a company working overseas, they should not have any explanation. This is because the rules and