Реферат: Business In An International Legal Environment Essay

Other disadvantages include the price that is paid for

goods distributed to another country. This is settled

with international sales contracts. Trade terms are

used to settle differences in distance and insurance

problems. They are sometimes used to divide

responsibility between two countries doing business.

In 1980 the United Nations Convention on Contracts for

the International Sale of Goods (CISG) added some amount

of uniformity to international sales. Under the CISG,

contracts between countries are governed. This attempts to

provide certainty regarding frauds, timeliness, risk

of loss, and revocability of offers. One huge

disadvantage to international business is the issue

of disputes. When a dispute arises between two

countries, the issue can be tied up in litigation for

much longer than a dispute within our own country.

This issue is usually avoided because of agreements

adopted by many countries that perform international

trade.

When assessing advantages and disadvantages of

international business, it can appear that the bad

outweigh the good. However, many of the disadvantages

have been laid to rest due to agreements between

countries. Therefore, it is far more beneficial for a

large company to conduct international business than

perform business within it’s own country.