Legal and Ethical Issues

Legal and Ethical Issues

Addressing International Legal and Ethical Issues
Conducting international business is a challenging task that must accommodate, all that are involved, legal and ethical issues. There are many issues that could occur with international business such as legislation changes, ethical dilemmas, and interest disagreements. There are many issues involved in resolving legal disputes in international transaction such as an understanding of the foreign law, culture, politics, power structures, and the decision making approach amongst foreign authority. When there is a need to take legal actions against a foreign based business partner, the defendant must consider the governing law and jurisdiction clauses within the contract. There are many factors that could work against CadMex’s decision to grant sublicensing agreements and prevailing issues in an organization. The first factor is both parties must have a clear and explicit understanding of the contract. Secondly, due to the unstable economic and political environment in Candore, it is imperative for CadMex to evaluate the conditions of the country before entering into contract. Lastly, the country is under a major health epidemic that is estimated to affect 1% of the population. With the sublicensing agreement many licensee may not want to help the country treat the epidemic leading to protest against the licensees. Sublicensing the drug violates the payment terms of the contract between CadMex and Candore. From week one’s readings the only difference in how The Then, the student will compare issue between domestic and international issues is the way issues are handled and addressed. In the simulation the employee had to come up with a decision that was beneficial for the American organization and the foreigner organization. Both organization decided on arbitration and mediation versus going to court. Companies should resolve domestic and international issues differently because of culture, government, legal, and...

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