International Legal and Ethical Issues Simulation Summary International Legal and Ethical Issues Simulation Summary CadMex and Gentura negotiated the choice of law clause that specifies which law will be applicable and what forum to use if a dispute arises between them. They determined that non-binding international arbitration would not only suit their needs‚ but it would be less costly than litigation and would also expedite dispute resolution. The international arbitrator’s power in conflict
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both parties what laws are applied to that country and to any disputes. Another consideration the company can think about‚ will the claim against the business be in foreign court and can he or she avoid the international dispute. In the case of CadMex the factors that could work against their decision to sublicense is Gentura could decide to sell the product to the highest bidder. However‚ sublicensing a product related to sales‚ marketing or advertising would need to be stated within the contract
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Addressing International Legal and Ethical Issues Simulation Summary Student Name LAW/421 August 17‚ 2012 Instructor Name Addressing International Legal and Ethical Issues Simulation Summary In this paper‚ I will discuss many of the issues addressed in the University of Phoenix simulation "Addressing International Legal and Ethical Issues". It is important to understand how to address international legal and ethical issues in order to create strong business relationships internationally
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settling in local courts and both parties may suffer less red tape when dealing with governments that may or may not be impartial to the parties involved. Another issue to consider is whether or not Gentura will grant sublicensing agreement rights to CadMex‚ which if this is the case may affect the outcome of the negotiations. By not allowing the local law to prevail (giving an unfair advantage to the international party)‚ conflicts can be decided by the International Arbitration in order to create
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International Legal and Ethical Issues Thais Padilla Law 421 Monday December 1‚ 2014 When conducting international business there are things that a company must know. This could be a daunting task but it is important to know. Some of the factors that have to be considered know the local laws‚ cultural differences‚ international laws‚ and any political situations that can arise. So when a company decides to do business internationally it is important for them to know the local and
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differences. When entering into an agreement with another country legal agreements must be drafted to protect the company interest. Consideration must be made of the countries culture and ethical differences. The process of sublicensing can be positive for CadMex. However‚ the
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countries may view their legal actions. What factors could work against CadMex’s decision to grant sublicensing agreements? Although there is an advantage by expediting monetary gain potential when sublicensing‚ there are also risks to consider. CadMex has to take in consideration the ramifications of loss of control over the licensed technology. That is why it is important to have provisions in place prior to signing sublicensing agreements so that the interested parties are protected. When the
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International Legal and Ethical Issues LaFaye Moore Jr. LAW 421 August 8‚ 2012 Corey Frost International Legal and Ethical Issues Businesses run internationally. Doing international business proposes ethical issues because other countries overseas may do business differently. “What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal” (Vogel‚ 2012‚ Para. 17). Businesses make contracts to bind the deal when doing international business
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Addressing International Legal and Ethical Issues Simulation Gabriel Berumen LAW/421 April 01‚ 2015 Prof Danielle Diaz Addressing International Legal and Ethical Issues There are many regulations and guidelines that must be taken into consideration when stepping into the world of international business. “Whether acquiring assets in the U.S.‚ forming a joint venture with an Asian company‚ or enforcing a contract provision with a European supplier‚ businesses need lawyers who have demonstrated experience
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