business ventures of CadMex and Gentura. The first issue that we had to deal with was the issue of addressing international sales. I decided to go with the option of International Sale of Goods as the choice of law and International Arbitration to resolve any contract disputes. Next‚ in March of 2012 there was a viral breakout in Gentura that could only be treated with an antibiotic made by ViroBlax. Using the antibiotic from this company would mean a breach of contract with CadMex. Initially I had chosen
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CadMex Pharmaceutical Memorandum To: Mr. Jack Brandt‚ CEO; Kera Sawyer‚ International Legal Counsel From: Dan‚ Vice President of International Business Development Date: March 9‚ 20XX Subject: Current Gentura Status I would like to take this opportunity to bring everyone up to date on the status of our relationship with Gentura. We have been working in partnership with Gentura a biotechnology company based in Candore since 2007. Candore‚ a small developing island country in South East Asia‚
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Issues Summary Addressing International Legal and Ethical Issues Summary LAW/421 University of Phoenix Addressing International Legal and Ethical Issues Summary Gentura a biotechnology company has decided to enter a possible partnership with CadMex a pharmaceutical company based out of Florida. Gentura is based in Candore‚ a small developing country that is governed by a dictatorship. Gentura beginnings were in enzyme manufacturing and evolved into a full-fledged biotechnology company‚ and have
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Legal and Ethical Issues Simulation Summary In January 2007‚ CadMex developed a technique for the quick manufacture of some medical agent. Gentura also developed a technique called ProPrez‚ which is an anti-diabetic agent. Gentura is located in Candore‚ which is a dictatorship. CadMex decided to go into business with Gentura that would give them global marketing right to ProPez. The contract needs to have measures in place to protect CadMex interest concerning property rights and potential dispute.
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International Legal and Ethical Issue University of Phoenix 2008 International Legal and Ethical Issues The “Addressing International Legal and Ethical Issues” simulation discusses the contract between a US pharmaceutical company called CadMex Pharma and a company called Gentura in the country of Candore. When international agreements are made‚ the company has to make sure that the contract is legal and the terms will be enforced. Defining contract terms explicitly is very critical. For
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4‚ 2014 Instructor: Charles (C.J.) Hughes Addressing International Legal and Ethical Issues This week simulation involved two companies; CadMex Pharma a pharmaceutical Company based in the United States and Genture a biotechnology company based in Candore. Genture developed a new drug for diabetes and is looking to partnership with CadMex to manufacture and market the drug at an international level. This week’s provides a brief overview of international legal and ethical issues in international
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 August 6‚ 2013 Addressing International Legal and Ethical Issues Simulation Summary International trade is important and beneficial to business. However‚ international trade guides a safeguard of interests‚ specific business contract‚ defined law‚ forum of dispute settlement‚ and understanding of contract clauses. “A working knowledge of international law helps business owners and managers with global interests reduce
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agreement and legally enforceable. Despite the legal aspects of international business there too is a need to consider cultural and ethical behaviors eventually developed that my negative affect business in the long-run. What factors could work against CadMex ’s decision to grant sublicensing agreements? Lawsuits could surface based upon negligence of a third person. Any time something outside of the agreement or damage of property by an employee the company would be held liable for this negligence.
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file a lawsuit and are not familiar with the laws of that country. As the simulation continued‚ the scenario came up that dealt with the granting of sublicensing agreements by CadMex when their product needed in a greater quantity than what they had already produced. One of the first problems that can arise for CadMex is a potential shortage of sub-paragraphs within the sub-licensing agreement that would be designed to enforce the agreement. Another problem would consist of having too many sublicensing
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The issues of resolving legal disputes in international transactions occurs frequently. Many companies involved with international transactions must be enforced in contracts between companies and countries. Just as in the simulation between the U.S. CadMex and Gentura located in Candore had to do. Without this‚ if a company needs to take legal action against one another then they have to figure out where to resolve this and how to go about it. Making sure that this is in the contract in the first steps
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