International Business Law

Many issues may arise when conducting business between the two foreign countries. These issues arise due to the difference between the array of the rules and regulations. We take Brazil and Thailand as the two countries just for the example to understand the whole rules and regulations pertaining to the settlement of disputes.

According to the Brazilian business laws and regulation they do discussions in the privileged context as compared to the other countries like United States who do their business in the lower context. Brazilian law is trying to squeeze administrative lengths in the negotiating process. Due to the globalization-taking place all over the world, commercial business is facing many obstacles from transactions and other factors.  If fault comes in the transaction, then it is a long run to find who is responsible for the fault.

As for the Thai law, the negotiations are still done in high fashioned context where the deals are not based upon the essentials of a transaction and they not define the terms and condition properly when they are signing a contract. Overall, the negotiations must be handled properly, especially the contracts, which are signed for commercial scale. The international rules must also be taken into consideration to avoid any type of circumstances afterwards. Below are the few things, which should be taken into consideration while having the contract.

·         To set the realistic goal.

·         To avoid aggressive behavior.

·         Carefully understands what the other party wants or what they want to give.

·         The parties must be given respect and laws should be clearly defined to each other.

·         To tell the other party that if they can’t meet their demands, then we have the other alternative options too.

·         Invest time and money through a process and this process will take time and have efforts from both sides if it is being done outside the court.