Addressing International Legal and Ethical Issues Simulation Summary Name LAW/421 Date Professor Addressing International Legal and Ethical Issues Simulation Summary In the country of Candore and Gentura, there has been a development of anti-diabetic medicine named, Proprez. This development has taken place in Gentura, which is a biotechnology company. The company CadMex Pharma is interested in licensing the manufacturing company, which is located in Tampa
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421: Contemporary Business Law University of Phoenix Addressing International Legal and Ethical Issues Simulation Summary In January 2007, CadMex, who is a leader in global pharmaceuticals, developed techniques for the quick manufactuing of medical agents. Gentura, an established biotechnology company developed an agent called ProPrez, which is an anti-diabetic agent. Gentura is
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 July 2, 2012 Kathryn Harris Abstract This paper discusses many of the issues discussed in the simulation on addressing international legal and ethical issues. This paper discusses many of the issues involved in resolving legal disputes in international transactions. Some of the issues discussed include selecting local counsel, fully understanding the foreign laws, due diligence, and choosing the right law and dispute
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Addressing International Legal and Ethical Issues Simulation Summary Denny Harrold LAW/421 April 22, 2013 Kevin Hiatt Addressing International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? Some 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
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Addressing International Legal and Ethical Issues Simulation Summary Rania Kisar Law/421 Feb 22, 2015 John Huschen Resolving legal disputes in international business transactions require understanding of the substantive law, the political system, and the cultural habits of the foreign nation. Contract agreements that include the Choice-of-Law Clause and Forum Selection Clause such as in the simulation of CadMex (University of Phoenix, 2015), will ensure adherence of both parties to dispute resolutions
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Addressing International Legal and Ethical Issues Simulation Summary In this paper, I will concentrate on several different issues proceeding into any legal binding business contracts involving international businesses. When proceeding into international contract agreements it is important to complete the proper research. Most countries have different laws and regulations that all businesses must follow when business is conducted in that country. Before any problems arise, it will be important
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Addressing International Legal and Ethical Issues Simulation Summary 1. What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international transactions include but are not limited to the signing of contracts designed to protect both parties, choice of clause, which forum to use when settling a dispute and if arbitration, if used, will be binding or nonbinding. Something else to think about when resolving
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Business Business Law considers of a body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both public laws and private laws. Public laws are those derived from some government entity. Private laws are recognized as binding between two parties even though no specific statute or regulation provides for the rights of the parties. Most
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The issues involved in resolving legal disputes in international transactions should always include an international arbitration for resolving disputes internationally. It should have legal backing to administer the legal contracts with international transactions. Therefore, a dispute resolution section should be included in the event that there are any violations that state a method of a resolution, such as litigation, arbitration and jurisdiction of the courts. There should be some practical
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Contemporary Business Law Michael Bowman July 25, 2013 Role and Functions of Law In today’s world of business and society the law plays a large role in the daily operations that most people are involved in. Laws set a general guideline for ethical standards and rules to follow. The law also provides ways to uphold the rules and ways to settle disputes. If there were no laws to govern what we as people do within our businesses, it would be hard for society to function properly. The law of the
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