LAW/531 week 1 The Role and Function of Law in Global Business_A+ guaranteed

LAW/531 week 1 The Role and Function of Law in Global Business

University of Phoenix

Purpose of Assignment
Law impacts how business operations perform. With globalization, the
law's impact and corresponding business risks have grown. The student
will learn to consider how and when a business risk should be pursued
under traditional litigation (lawsuit, answer, and discovery) and where
alternative dispute resolution methods are appropriate in both domestic
and international disputes.
Select a business or industry with which you are familiar and, in a
minimum of 700 words, but no more than 1200 words, excluding title
and reference pages, develop an analysis including the following:
• Identify at least two ways the U.S. legal system affects that business
or industry.
• Examine the risks that business or industry encounters when dealing
with traditional litigation, (suit, answer, discovery, trial) and what
measures business managers can take to reduce exposure to those
risks.
• Choose a global/international business dispute from your business or
industry, then compare and contrast one form of alternative dispute
resolution (ADR) with traditional litigation with regard to that dispute,
and recommend which method is preferred and why.