Legal Frameworks Regulate The Domestic And International...

Various legal frameworks regulate both the domestic and international businesses. As such, the laws and regulations within the United States are somewhat dissimilar to those in the global trade arena. It is worth pointing out that contextual factors among other issues are some of the reasons why trades conducted within the United States markets would be different from the international ones. For a company like Medeco that wishes to consider expansion into the global arena, it would be essential to understanding that the legal regulations it will encounter in its endeavor to operate overseas may be different and challenging. Within the United States, the company would have to comply with the Uniform Commercial Code (UCC). This regulatory framework stipulates and directs how businesses within US are carried out. However, on the international venture, Medeco will need to subscribe to Convention and Contracts for International Sales of Goods (CISG). This is a trade agreement that tow par ties from different states enter into as they seek to engage in the sales of goods and services at the international level. For a company in the caliber of Medeco, signing this contract with countries like Germany, France, and China is necessary since it operates from the United States, an agreement between the nation (US) and the respective countries is key in enhancing business operations. It is imperative to note that the CISG is not absolute. Although it is an important contract that bringsShow MoreRelatedLegal Memorandum911 Words   |  4 PagesThis document presents a framework for developing a legal memorandum concerned with the themes that need to be considered in the company’s decision to expand to Mexico. There are several legal and ethical areas pertinent to doing business internationally in Mexico. They derive from aspects of both the American and Mexican legal environments as outlined herein. I. Domestic Law A. The FCPA 1. 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