Addressing Legal and Ethical Issues

Addressing International Legal and Ethical Issues Summary

Donna Bass

LAW/421

January 18, 2016

Andrew McAdams

Addressing International Legal and Ethical Issues Summary

When operating a business internationally, there are legal and ethical issues that must be taken into account. The simulation shows that to be successful; a company must understand the issues involved in legal disputes, the practical considerations of taking legal action, what factors can work against the company, and what to do when customs and laws conflict.

The issues that can arise when trying to resolve legal disputes in an international transaction can be cultural, ethical, political, and differences in power structures. Before taking legal action, arbitration should be considered as it is less expensive and the outcome would likely be more beneficial that dealing with a foreign court system (University of Phoenix, n.d.).

Before taking legal action against a foreign business partner, there are practical considerations to take into account. The cost of legal fees and the chance of winning a court battle against this partner in a court of their country should be considered. Another is the damage that a lawsuit could have on the company's reputation. This action could hurt their chances of obtaining future international partners.

Factors that could work against the granting of the sublicensing agreements by CadMex include the fact that the Canadian government and legislators would work to prevent the deal. The fact that there are already generic brands of the drug on the market could work against CadMex as well. (University of Phoenix, n.d.).

Customs and laws can sometimes conflict when a business operates in a different country. When this occurs, the local laws and customs should prevail. Because the majority of the employees are local, it shows good ethics by following the customs and laws, as well as keeping in good standards with the government.

Domestic and international legal...