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International Legal and Ethical Issue Simulation

Essay by   •  February 6, 2014  •  Essay  •  439 Words (2 Pages)  •  1,162 Views

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Once an individual completes the simulation, he or she can see that there are many problems concerning the practices, and resolving of international transacts disputes. It was hard trying to work through the difficulties of dealing with two different sets of protective laws. One problem encountered was attempting to develop one agreement that would represent two different companies, each with its own set of government policies regarding business. Every company involved must do its part of resolving any legal disputes, such as drafting a choice-of-law clause. Drafting this clause is a good beginning because it helps both parties protect and define specific laws. If a legal dispute does arise both parties may want to consider other options before taking any legal actions, options like; the original contract, the partnership, relations and investments with the country in which the company is located, and government laws where business is transacted. A factor that may not have a favorable outcome for Cadmax concerns sublicensing agreement there is a chance that Gentura may at anytime violate the agreement, and divulge CasMex's proprietary information to competing businesses.

Companies conducting business with foreign countries should be aware of the laws and customer the country has put in place (Melvin, 2011). The shaven beard example in the simulation uncovered a conflict between the rules of the company and religion expression. The example regarding the beard may not always be acceptable in certain situations, and a company may have to make some adjustments to deal with particular situations that arise. These adjustments could make it easier to comply with the foreign country's requirements and make conducting business in that country more pleasant. This also helps to protect companies against any claims of discrimination. International problems regarding business law, in this week's simulation, are similar to those presented in week one's reading regarding domestic issues of business law.

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One problem that can have an effect on a business is a breach of contract. The essential differences between domestic and international issues is that in domestic business practices, both parties are subject to the same laws, rules, and customs makes it easier to develop an agreement. In international cases involving the application of two different sets of laws, rules, and customs

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