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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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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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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are established in that country. In the case of CadMex Pharma wanting to partner with Gentura in the country of Candore‚ the company faced the issue of having to abide by the laws of that country. The issues CadMex Pharma had to deal with were the idea that Gentura is bound by and coincides with the laws of Candore. Gentura is more obligated to its country of residence. Very few laws of the United States will have any matter in this country. CadMex Pharma also had to accept that there may be a
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Addressing International Legal and Ethical Issues Simulation University of Phoenix - ####### Learning Center Business Law BUS/415 #########‚ Instructor Introduction Upon completion of the University of Phoenix simulation "Addressing International Legal and Ethical Issues‚" I have outlined below several concerns that must be addressed prior to entering into any legally binding business contracts with international organizations. Prior to entering into international contractual business
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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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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
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International Issues Aimee Head LAW/421 September 9‚ 2013 Kathryn Harris Abstract No two countries have the same political and legal system. Each country has its own laws and regulations on business and products. When doing business in another country it is important to know the laws and abide by them. Culture plays a huge part in a business’s success when venturing into a foreign market. Being sensitive to the cultural and religious beliefs in that country is important to a business’s long
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