Preview

Factors Could Work Against Cadmex's Decision To Grant Sublicensing Agreements

Satisfactory Essays
Open Document
Open Document
605 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Factors Could Work Against Cadmex's Decision To Grant Sublicensing Agreements
Addressing International Legal and Ethical Issues
LAW/421
October 14, 2013

Addressing International Legal and Ethical Issues
The “Addressing International Legal and Ethical Issues” simulation explored the factors one must consider when an American corporation enters an international contractual relationship with a foreign business partner. The issues presented are as follows:
What are the issues involved in resolving legal disputes in international transactions?
The legal issues involved in resolving legal disputes in international transactions are the selection of which set of laws to follow and the forum used for dispute resolution. Specificity used in writing international contracts provides a clear structure for resolving potential legal issues. When …show more content…
These factors will decide if the potential financial gain of such a move will outweigh the long term financial, ethical, and legal impact to all parties involved. Additionally, one must consider possible intervention from the American or foreign governments as well as prevailing international organizations.
What factors could 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. Finally, the time needed to establish sublicensing agreements and local manufacturing may be an obstacle to success in this
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Law421/ week 5 final team
    • 546 Words
    • 2 Pages

    Law421/ week 5 final team

    Before taking legal action against a foreign business partner it is important to take into consideration different laws, political situations, prevailing international laws, and cultural influence have a major impact on international markets. Usually, international arbitration is the most appropriate venue to resolve any disputes between both companies. It is also important to factor in issues such political climate and sublicensing when making decisions as these could drastically affect an international partnership.…

    • 546 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    LAW 421 Week 2 International Legal And Ethical Issues
    • 540 Words
    • 2 Pages

    LAW 421 Week 2 International Legal And Ethical Issues

    The most important aspect a business should consider is the laws of the country that it enters into when doing business. A law in the United States is may not be the same as a law in the foreign country. If a certain law is broken, just because the law is enforceable in the U.S., it may not be enforceable in the foreign country. Although contracts are binding agreements, they are only binding if the law agrees. One last thing to consider are certain countries can deny further business transactions in that country should they file a lawsuit (Melvin, 2011).…

    • 540 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Law421 week 2
    • 518 Words
    • 3 Pages

    Law421 week 2

    The most crucial factor a company must take into account is the rules of the country that it goes into when conducting business. Legislation in the United States of America might not be the identical to legislation in the overseas country. In case a particular legislation is broken, simply because the law is enforceable in the U.S., it might not be enforceable in the overseas country. Even though agreements are binding contracts, they are just binding in case the 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).…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Hsc300 Unit 4
    • 588 Words
    • 3 Pages

    Hsc300 Unit 4

    Governing Law: Universal law of interpretation in the event a dispute arises amongst facilities or countries disagreement with the contract…

    • 588 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Addressing International Legal And Ethical Issues Simulation Summary
    • 1256 Words
    • 6 Pages

    Addressing International Legal And Ethical Issues Simulation Summary

    The fact is that domestic law has nothing to do with international law and companies should be ready to face any issue that could appear. The second week material offered more information on how to handle international issues. The forum selection is the most important thing to do when trying to avoid future conflicts of law. Litigation and arbitration are the best options for organizations involved in international disputes. Legal advice or counseling is a useful resource that could help avoid confusions and setbacks in the future; it is always better to be…

    • 1256 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    REVIEW SUMMARY
    • 476 Words
    • 2 Pages

    REVIEW SUMMARY

    Some factors that could work against CadMex’s decision to grant sublicensing would be that they could lose control of there drug ProPrez and may lose there contract with Candorean government. This would mean whom they sublicensed to could sell there product cheaper and CadMex would lose a huge profit. Many of the sources that use the drug ProPrez would save and go for the cheaper genric drug. The Candorean government may see this as a profit for them and could reject resigning an agreement with CadMex. This would be a huge hit on the company and may result in a breach of contract and come down to a lawsuit.…

    • 476 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Eco 365 Addressing International Legal and Ethical Issues
    • 356 Words
    • 2 Pages

    Eco 365 Addressing International Legal and Ethical Issues

    When addressing a legal dispute in international transactions views in changes in legislation, clashes of interest and ethical dilemmas must be taken into consideration and acknowledging of the local culture is also paramount to a successful solution to a legal dispute. One practical consideration is to implement an A D R in case a legal action is necessary; it’s less costly and 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…

    • 356 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Bus 378 Week 3
    • 3675 Words
    • 10 Pages

    Bus 378 Week 3

    References: August, R., Mayer, D., & Bixby, M. (2009). International Business Law (5th ed.). Upper Saddle River: Prentice Hall…

    • 3675 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Better Essays

    Litigation Law 531
    • 814 Words
    • 4 Pages

    Litigation Law 531

    References: Cheeseman, H.R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.…

    • 814 Words
    • 4 Pages
    Better Essays
    Read More
  • Good Essays

    Multinational Financial Management by Alan Shapiro: Country Risk Analysis
    • 972 Words
    • 7 Pages

    Multinational Financial Management by Alan Shapiro: Country Risk Analysis

    6.1 The degree of political risk faced by a firm operating in a foreign country…

    • 972 Words
    • 7 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    International Lega and Ethical Issues
    • 386 Words
    • 2 Pages

    International Lega and Ethical Issues

    What are the issues involved in resolving legal disputes in international transactions? The issues are what choice of law clause you are going to use in the contract in case of dispute or breach of contract. The other issue is what forum selection clause is going to be used if there’s ever an issue or dispute. Both are very important issues to address before getting into contract with a foreign business. You need to take in consideration in what part of the world you want legal action to take place if your business partner based in another country…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Addressing International Legal and Ethical Issues Simulation Summary
    • 547 Words
    • 3 Pages

    Addressing International Legal and Ethical Issues Simulation Summary

    When the United States (U.S.) entering into an agreement with another country it is important that the U.S. Company confirms that the contract is legally enforceable. With international business transactions each country needs to be aware of any international laws and legislations. Both parties should also be aware of changes that are made to international laws and regulations.…

    • 547 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Summary: Addressing International Legal And Ethical Issues Simulation
    • 696 Words
    • 3 Pages

    Summary: Addressing International Legal And Ethical Issues Simulation

    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 choosing certain contract clauses, I was to create the best outcome either short-term or long-term for CadMex during each scenario presented to me.…

    • 696 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Addressing International Legal and Ethical Issues
    • 423 Words
    • 2 Pages

    Addressing International Legal and Ethical Issues

    One of the issues that are involved in resolving legal disputes in international transactions would be lack of knowledge of the other countries laws, and government interference when it comes to the ruling of the courts. A business would also have to obtain knowledge about a country where they wish to conduct business.…

    • 423 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    SCM sem 1 txtbk
    • 272 Words
    • 3 Pages

    SCM sem 1 txtbk

    SCM850 - Legal Aspects of International Business: A Canadian Perspective 3rd edition Mary jo Nicholson…

    • 272 Words
    • 3 Pages
    Satisfactory Essays
    Read More

Related Topics