Problem
Instructions: Assume that your business has been very successful and now you would like to expand and operate your business internationally.
Write a short paragraph addressing each of the following questions.
You may download a copy of this template to complete each of the questions and cite your references.
• How would you choose to begin operating in a foreign country? (i.e. direct exporting, licensing or creating a franchise, foreign subsidiary, or joint venture, etc.) Why did you choose this method for your expansion?
• Explain why resolving disputes using litigation is more complex when the disputing parties are from different countries instead of the same country.
• What are the benefits to agreeing in your international contracts that any disputes will be resolved through arbitration?