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 with restrictions and conditions. With issues in foreign customs and laws
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expeditious than 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
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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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Ethical Issues Within ContractsUniversity of Phoenix offers a simulation about CadMex and Gentura and an international contract they pursue (University of Phoenix‚ 2009). CadMex as a pharmaceutical company is about to go into contract with Gentura‚ a company in the country of Candore. CadMex needs to make sure that the contract that is formulated offers protection that will mutually benefit each party while allowing CadMex to successfully market a new product from Gentura entitled ProPrev. This paper
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by a hypothetical company‚ CadMex Pharma based in Tampa Florida‚ which teams-up with another hypothetical company‚ Gentura based in a small developing country‚ Candore. A series of events takes place between CadMex Pharma‚ Gentura and the country of Candore‚ which has impact on the business operations of CadMex Pharma. The contract that these two companies get into is that CadMex will license their technology and provide expertise. In return‚ Gentura will give CadMex the global marketing rights
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legal system from the foreign business partner. 3. What factors could work against CadMex’s decision to grant sublicensing agreements? Some of the factors that could work against CadMex’s decision to grant sublicensing agreements are the time and cost involved‚ and ensuring quality standards of drugs produced by sublicensing. In addition‚ the Candorian government may not want to do sublicensing because a generic drug is more affordable for the population. 4. When the local customs and laws conflict
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factors could work against CadMex’s decision to grant sublicensing agreements? Sublicensing agreements comes into play when the organization has too many of them and does not fully incorporate sub-paragraphs. This leaves the organization up for lawsuits if any of the contracted workers do something wrong and also makes the main organization fully liable for any damages. Even workers within the sublicensing can sue a business formed within the sublicensing agreement (Melvin‚ 2011). * When the local
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could work against CadMex’s decision to grant sublicensing agreements? Sublicensing agreements comes into play when the organization has too many of them and does not fully incorporate sub-paragraphs. This leaves the organization up for lawsuits if any of the contracted workers do something wrong and also makes the main organization fully liable for any damages. Even workers within the sublicensing can sue a business formed within the sublicensing agreement (Melvin‚ 2011). When the local customs
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law agrees. One final aspect to consider are specific countries may refuse additional business transactions in that country when they file a case (Melvin‚ 2011). What factors could work against Cad Mex’s decision to grant sublicensing agreements? The issue with sublicensing contracts is when an organization or company selects to develop several quantities of them‚ the more they enhance their possibilities of having a case brought against them. If the organization forgets to incorporate in sub-paragraphs
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