Phase3 DB International Business Disputes Essay Example | Topics and Well Written Essays - 500 words

Phase3 DB International Business Disputes - Essay Example This assignment provides a compressive discussion on the consequences that a business would face for operating within states that have not agreed with the United Nations Convention on Contracts for the International Sale of Goods. It also gives detailed information on whether a business should or should not engage in business with nations that have not conformed to the requirements of the United Nations Convention on Contracts for the International Sale of Goods. One of the major consequences for transacting business with states that have not conformed to the United Nations Convention on Contracts for the International Sale of Goods is that only the contract laws of such nations will apply (Ferrari, 2012). This implies that an enterprise that wishes to engage in such business in capable to inadequate treatments in accordance with the laws of the state that has not agreed with the terms of the CISG. The contract law of such a nation may not be accommodative to foreign businesses. It is for this reason that such nations may be weaker in ensuring that the contractual balance between foreign and indigenous businesses is maintained. Businesses that wish to operate within states that have not agreed with the terms and conditions of the CISG may have to face importation or exportation restrictions according to the governing laws. It is important to note that different nations have different laws governing the importation and exportation of certain goods. However, the CISG standardizes the importation and exportation of goods across borders. Therefore, a business that wishes to transact business with states that have failed to embrace this international law may have to face the restriction of the importation or exportation of certain goods. According to article 68 of the CISG, the risk of damage of goods is passed to the buyer once the goods have been delivered. However, an enterprise engaging in business