Memorandum between CadMex Pharma and Gentura After their joint meeting in January 2007‚ CadMex Pharma has developed a technique for the quick manufacture of certain medical agents. Gentura has developed ProPrez‚ anti-diabetic agent. CadMex and Gentura are entering a contractual relationship. CadMex will license their technology and provide Gentura the know-how. In return‚ Gentura will give CadMex the global marketing rights for ProPrez. Two Companies CadMex Pharma is a global leader
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work against CadMex ’s decision to grant sublicensing agreements? Deciding to sublicense the production of CadMex’s drugs creates potential concerns of quality‚ time‚ and costs. CadMex must ensure it protects the quality of generic versions of its products by sublicensed manufacturers. Both CadMex and the local companies in companies must review the costs involved with establishing manufacturing in Candore. CadMex has the additional responsibility of factoring the cost of sublicensing to its earnings
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Addressing International Legal and Ethical Issues LAW 421 Addressing International Legal and Ethical Issues In this simulation CadMex Pharma a pharmaceutical company in the U.S and Gentura a biotech company in the country of Candore are facing international contracts‚ transactions‚‚ and sublicensing agreements. Gentura will provide licensing rights to their hypothetical anti diabetic drug in exchange Cadmex’s global experience and quick manufacturing techniques hoping to lead them into a
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In this particular simulation‚ 3 main factors can work against CadMex’s decision: Time‚ costs and ethical/cultural issues. CadMex would be looking at a substantial investment in both time and costs in ensuring quality standards of drugs produced by sub-licensees. On the other hand‚ as CadMex establishes work processes in a different country‚ it must find a way to align its own ethical guidelines with the host country’s existing ones. When the local customs
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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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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. Also Gentura could
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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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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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25 2012 CadMex developed a business relationship with Gentura and starting doing business in Candore as a result. Candor was not a member of the WTO or any other international entity in the beginning but showed promise. Candore was a dictatorship and so was a politically unstable country‚ but it did have a working government and legal system. The purpose of the simulation was to safeguard the interests and intellectual property of CadMex both at home and overseas. Through
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International Commercial Risks April 1‚ 2013 International Commercial Risks - Business is continually growing on a global level leading to international business partnerships‚ agreements‚ and trades. During these types of business relationships disputes are common (University of Phoenix‚ n.d.). If a dispute occurs one party may chooses to take legal action against the other party. Making the decision to take legal action businesses must make considerations prior to proceeding. Making the
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