You are an entry-level associate at a U.S. firm. Your supervisor has explained to you that the firm is in the process of negotiating two contracts with foreign entities for two different projects that will be performed in-country. The first contract is with a small NGO located in Malaysia; the other is with an large, reputable organization located in the UK. The amounts involved in both contracts are in excess of $1 million. In negotiating the contract, the issue of arbitration has come up, and your supervisor asks you to do a quick cost-benefit analysis to see if arbitration makes sense in either or both of these contracts. Specifically, what are the costs/risks to your firm by agreeing to arbitration, and what are the benefits? In either situation, the firm could agree to resolve disputes by arbitration, agree to be subjected to the laws of the other country, or aggressively argue that disputes should be resolved here in the U.S. under U.S. law. Time is of the essence, however, and delaying negotiations could substantially affect your firm's ability to perform the work. Draft a 12 page double-spaced memo outlining the factors that need to be considered and make your recommendations as to what the firm should do.