against CadMex’s decision to grant sublicensing agreements? When a company is doing business in another country legal and ethical issues will always be factor. Cultures are different in other countries‚ and like Candore countries can be politically unstable. Candore lacks experience in international trade. There is limited enforcement in Candore by the United States courts. The laws of CadMex in the United States may not preside in Candore. If a problem arises CadMex reputation can be ruin and financial
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foreign partner makes a new product and does not report to the other partner that also breaking the contract. What factors could work against CadMex ’s decision to grant sublicensing agreements? The factors that could work against CadMex ’s decision to grant sublicensing agreements are legal disputes. The company will be putting itself in danger through sublicensing. If the company’s products have any problems the company will be taking to court by the people who use the products. The company can sublicense
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due diligence‚ and the choices surrounding law and dispute resolution must be measured in order to make good choices when performing business abroad. Through the simulation‚ there were many factors that could work against the decision for CadMex to grant sublicensing agreements but with good understanding of the law it was a good deal for the company. Laws and customs in different countries can be conflicting‚ especially when businesses are managed by the government. Resolving legal disputes in international
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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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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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strengthened the relationship and caused for contracts to outline such changes in manufacturing requirement. To cover the purchase of illegal products a contract must be agreed upon between the companies. This is the same in the way CadMex granted sublicensing agreements. This places CadMex as the liable party in a lawsuit. Without total control over the loosely worded contracts they become vulnerable to loop holes when law suits are filed against them. When the local customs and laws conflict with the customs
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country‚ the binding of the contract and the fact that the country can stop all transactions from the business if a lawsuit is filed. With any decisions you make‚ there will always be pros and cons. In the simulation CadMex’s made a decision to grant sublicensing agreements‚ which there are factors that could work against them. Some of the factors that could work against them is if Gentura decides to violate their non-disclosure agreement and sell the proprietary information to the highest bidder for a
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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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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 local customs
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ethical 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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