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resolving legal disputes in international transactions

1. Discuss the issues involved in resolving legal disputes in international transactions.

2. What are some practical considerations of taking legal action against a foreign business partner based in another country?

3. When the local customers and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Why?

4. What factors could work against a company's decision to grant sublicensing agreements?

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1. Discuss the issues involved in resolving legal disputes in international transactions.

Many firms operating abroad are reluctant to be subjected to another country's unfamiliar laws, legal process, jury systems, and discovery procedures. Some question the partiality of local judges and attorneys toward local business. There are also problems with the unpredictability of outcomes and enforcement of judgments from one country to another.
For example there are limitations for foreign activities imposed by governments. If a firm deposits money in a foreign bank operating from another country, it might have less deposit insurance protection than in its own country, or no protection at all. Besides if there is a legal dispute between a foreign bank and its customer, the only way to deal with the dispute ...

Solution Summary

What factors could work against a company's decision to grant sublicensing agreements?

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