Operation Competitor, your team is working on the legal aspects of having storefronts. You are in the process of creating a business interest comparison for the first two countries you are launching the wireless laptop. Please make sure that these countries are real.
Provide the requirements that are needed in each country for an enforceable contract to protect business interests. Please specify the names of each country. Please make sure that you review the applicable bilateral or multilateral treaties regarding trade. You may conduct research online at the AIU Library.
Create contractual duties for one country and see if the contractual duties would need to change for the other country, and then list the consequences of breaching those duties to assist with managerial decisions.
Sample Solution
To create an enforceable contract that protects the business interests of our team and ensure compliance with applicable bilateral or multilateral treaties regarding trade, our team needs to consider a few key requirements for each country.
For example, if we are launching the wireless laptop in France first, then it is important to note that French law requires contracts for sales of goods to be in writing and signed by both parties. Furthermore, contracts must include detailed information about all obligations including prices and delivery terms. The consequences of breaching these duties could range from fines to imprisonment depending on the severity; however, there may be additional contractual penalties that would need to be added into the agreement as well (i.e., payment of lost profits).
Sample Solution
To create an enforceable contract that protects the business interests of our team and ensure compliance with applicable bilateral or multilateral treaties regarding trade, our team needs to consider a few key requirements for each country.
For example, if we are launching the wireless laptop in France first, then it is important to note that French law requires contracts for sales of goods to be in writing and signed by both parties. Furthermore, contracts must include detailed information about all obligations including prices and delivery terms. The consequences of breaching these duties could range from fines to imprisonment depending on the severity; however, there may be additional contractual penalties that would need to be added into the agreement as well (i.e., payment of lost profits).