Ethical Issues

Addressing International Legal and Ethical Issues Simulation Summary

By: Robert Wolf

LAW/421

October 14, 2012

Instructor: Shenia Kirkland

Addressing International Legal and Ethical Issues

International businesses often face a variety of issues including legislation changes, interest clashes, and ethical dilemmas. In the simulation we were forced to make important decisions regarding legal, ethical, and cultural issues. Each time a firm in the United States enters into a contract positioned in a different country, the U.S. must make certain that it is an officially enforceable agreement. Precisely the equivalent would be appropriate for any company on a global basis, and they have got to be totally aware of any adjustments made to policies and regulations globally. A crucial factor for any company that must be taken into consideration is the regulations of the country that it enters into when carrying out business related actions. United States legislation most likely will not be equal to the legislation in nations overseas. For fear that a random legislation is broken, merely for the reason that the law is imposable within the United States, it may not be imposable in the nation overseas. Although agreements are contracts that are binding, they are only binding in the instance the law is in agreement. The last facets to take into consideration are that particular countries may perhaps decline further business deals in the specific country when a case is filed.

The issue with Cadmex sublicensing contracts is when a business or an organization decides on developing a number of them, the further they add to the potential of having a case against them brought about. Let’s say the organization overlooks suppose to be included sub-paragraphs in their contracts pardoning them from any legality as a consequence of those contracts, they may possibly be entirely accountable for all monetary damage. These sorts of economic problems could be due to a...