International Legal and Ethical Issues Simulation Summery Mauricio G. Holguin LAW/421 30 January 2014 Teresa Morales International Legal and Ethical Issues Simulation Summery Legal disputes can occur between businesses while conducting business. It is the responsibility of both parties involved to conduct risk management and examine whether or not is worth the risk. In this paper, one will briefly describe legal dispute in international transactions and will comment in the scenario in
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Addressing International Legal and Ethical Issues There are many reasons that an American company would want to do business with a company outside of the U.S., including the cost of labor and the availability of materials. The downside of doing business outside of the U.S. is that there may not be a thorough understanding of expectations that both parties have of the other. International law is very broad and must also take into consideration any religious and diplomatic factors. Resolving
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Addressing International Legal and Ethical Issues What are the issues involved in resolving legal disputes in international transactions? Changes in legislation, clashes of interest, and ethical dilemmas. What are some practical considerations of taking legal action against a foreign business partner based in another country? Legal actions could have a bad impact on current and future investments as well as business relations with the nation. If you do not
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Addressing International Legal and Ethical Issues Simulation Summary 1. What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international transactions include but are not limited to the signing of contracts designed to protect both parties, choice of clause, which forum to use when settling a dispute and if arbitration, if used, will be binding or nonbinding. Something else to think about when resolving
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LAW 421 ADDRESSING INTERNATIONAL LEGAL AND ETHICAL ISSUES AUGUST 7, 2014 KEVIN MINCHEY Addressing International Legal and Ethical Issues Simulation Summary 1. What are the issues involved in resolving legal disputes in international transactions? In a standard legal dispute involving from an international trade transaction, it is foreseeable that an issue in the jurisdiction of private international law might arise. Each country
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 August 31, 2015 Addressing International Legal and Ethical Issues Simulation Summary There are a few issues that must be considered in determining the best way to resolve legal disputes in an international transaction. Change in legislation, international laws and cultural difference are among the issues to consider. An issue that must be considered is how the contract was set up. If the company chose the wrong
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International Legal and Ethical Issues Simulation Summary The most important thing to consider when solving international disputes is whether or not the contract is legally enforceable in all countries. Countries are ruled by different rules and regulations and the business initiating the contract needs to take into consideration the law, culture, and ethics of the country they are doing business with. When considering sublicensing agreements, CadMex must ensure that all quality standards and
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421: Contemporary Business Law University of Phoenix Addressing International Legal and Ethical Issues Simulation Summary On 2007, CadMex created a technique to develop a quick manufacturing of medical agents. Meanwhile Gentura located in Candore which is under dictatorship, also developed a technique entitled ProPrez which is an anti-diabetic agent. After deliberation CadMex and Gentura
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of corporate fraud and corruption defined by the ethical wrongdoing of Enron, WorldCom, Tyco, Arthur Andersen, and HealthSouth captured the world’s attention as never before. It soon became clear, however, that the U. S. had not cornered the market on questionable ethics. The Dutch firm Ahold and Italy’s Parmalat quickly shared center stage with scandals of their own. Domestic business ethics will continue to be a top priority. But global business ethics will demand cutting-edge thinking and practice
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Addressing International Legal and Ethical issues Simulation Summary Janella Fisher LAW/421 June 16th, 2014 Rosalie Drawbaugh Addressing International Legal and Ethical issues Simulation Summary When issues are involved in resolving legal disputes in international transactions an international mediation should take place for determining these international disagreements. In the meantime, there should be a stipulation of dispute resolution put into place whether or not if any infringements
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