Addressing International Legal and Ethical Issues Stimulation Summary

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Addressing International Legal and Ethical Issues Stimulation Summary

LAW/421

Addressing International Legal and Ethical Issues Stimulation Summary
CadMex and Candore based Gentura are both a United States based Pharmaceutical Company that want to enter into a partnership together. In the stimulation there was a few situations where legal and ethical issues arouse and had to be handled.
International Transactions Legal Disputes
The legal issues that rise within the international boundaries are at times the hardest to settle because the legal requirements are between two countries. CadMex has the ability to challenge their company to sublicensing its products into all international markets. A way of resolving this type of dispute it’s to enter into an international contract that states every detail specifically.
Legal Action against a Foreign Business
Taking legal action against a foreign business partner has several practical considerations. First, the cost of taking legal action will likely be much more expensive due to the increased need to research laws applicable to the country. In CadMax’s case, it would be necessary to hire a legal team with expertise in the foreign country. Second, the probability of a foreign entity successfully winning a civil suit against a domestic entity will most likely be very low. Third, swing business partner could adversely affect the brand reputation and make other international partners cautious of doing business with the company. It is often much more favorable for both parties to resolve disputes behind closed doors with mediation or arbitration, as opposed to a formal court system.
CadMex's Decision to Grant Sublicensing Agreements
In the stimulation, there were already generic brands of CadMex’s product on the Canadian market. The Canadian government has a vested interest in seeing domestic industry…...

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