Addressing International Legal And Ethical Issues

681 words - 3 pages

Gentura is a biotechnology company based in Candore. CadMex and Gentura have been working in partnership since 2007. Since 2004, Candore has been under the dictatorship of President Gwendoz. President Gwendoz encourages foreign investments; however, these international business transactions are subject to the approval of the Candorean Government. Gentura has had a healthy relationship with the Candorean Government until recently. The partnership between Gentura and CadMex opens new opportunities.Upon entering into a contractual relationship with Gentura, CadMex was given the choice between the Candorean Regulations for Technology Import Contract (CRTIC) and the Contracts for the International Sales of Goods (CISG). The country of Candore was not a signatory of CISG; therefore, CISG was ruled out as an option. CRTIC was chosen, despite concerns of the CadMex legal counsel. Nonbinding International Arbitration was chosen as the forum in which to discuss any disputes with regard to any contractual issues with Gentura. Candore gained WTO membership, which did not alter the decisions made.President Gwendoz was overthrown. Democracy was looming. The country of Candore faced a rare viral epidemic. One percent of the Candorean population was estimated to have the viral infection. ViroBlax was the known remedy for the viral outbreak. Gentura was the only licensed manufacturer of ViroBlax in Candore. The new government put pressure on Gentura to subsidize the price of ViroBlax. The subsidization of ViroBlax would cause a breech of contract with CadMex. The legal counsel of CadMex was advised to take no legal action against Gentura. Gentura would be held liable for damages and compensation. Legal actions would have weakened the partnership between Gentura and CadMex. Sharing marketing rights to another drug would be an option which would not be in the best interest of either party.One month after the outbreak of the viral epidemic, the percentage of infected individuals increased from one to three. Gentura was unable to meet the demand for the ViroBlax. The outbreak was considered a national health emergency. The Candorean Government suspended CadMex's patent on ViroBlax and provided compulsory licenses for generic manufacturers of ViroBlax. Negotiations were approved for sublicensing with local pharmaceutical companies. Sublicensing allowed CadMex, the...

Find Another Essay On Addressing International Legal and Ethical Issues

Addressing International Legal and Ethical Issues Simulation

691 words - 3 pages the foreign country against all eventualities, given that possible disagreements and disputes are common in international trade. Besides the legal aspects of international business, American companies have to also consider the cultural and ethical differences inherent in such business transactions as well. The decisions made by CadMex provided solutions to issues that could have caused severe problems.

International Legal and Ethical Issues. Essay

769 words - 3 pages Upon completion of the University of Phoenix simulation "Addressing International Legal and Ethical Issues," we as a team have outlined below several concerns that must be addressed prior to entering into any legally binding business contracts with international organizations.Addressing International Legal and Ethical Issues.Prior to entering into international contractual business agreements it is important to take into consideration the rules

International Legal and Ethical Issues

1381 words - 6 pages also followed. Legal and ethical issues may arise while conducting business in other countries. The importance of knowing what the issues are and how to resolve them will produce affective international businesses and relationships.ReferencesCheeseman, H. (2007). The Legal Environment of Environment of Business OnlineCommerce. Prentice HallUniversity of Phoenix. (2009). Week three overview. Retrieved May 16, 2009from University of Phoenix, Week Three, rEsource. BUS415-Addressing International and Ethical Issues Simulation.

Business: International Legal and Ethical Issues

1326 words - 5 pages International Legal and Ethical Issues When businesses deal globally to expand their markets they may face dilemmas which must be dealt with to avoid conflict. The types of issues many companies encounter deal with legal, ethical and cultural encounters. From our example we see the legal issues in settling disputes for international transactions can become very complex. Ethical issues concerning the workers, the culture, and the environment

International Legal and Ethical Issues Simulation

672 words - 3 pages forum that best suited the situation for the type of contract that needed to be established between CadMex and Gentura. The CRTIC set a stronger foundation for both parties involved, with regards to international technology and equipment transfer as well as protection of rights and patent provisions. CRTIC outlines specific rules for international technology transfer between foreign and Candorean businesses. The provisions of the CRTIC specify basic

Ethical, Legal, and Regulatory Issues

1059 words - 4 pages for office and owners - that any business faces" (p. 284). Whether the business caters to other businesses or consumers, there is usually a transaction or sale of a product or service. Since the Internet helps to thrust businesses into the worldwide market, businesses need to be mindful of the different legal, ethical, and regulatory issues in order to remain competitive and to avoid potential legal liability.Ethical ConcernsEthics is an important

Legal and Ethical Issues in School Counseling

1735 words - 7 pages The topic of this paper focuses on the battles school counselors face as the law and ethical standards collide. School counselors face a number of legal and ethical issues and recognizing a clear decision isn’t always easy. School counselors have to work with a large number of students, parents, and administrators while conforming to ethical codes, state laws, and school board guidelines. This topic is of great relevance to me as I will be

Sony-ethical, legal, and regulatory issues

834 words - 3 pages through is a key aspect in ensuring the ethical, legal and regulatory aspects are met. The Internet does not provide anything like the obvious international boundary lines in the physical world. Thus, the four considerations that work so well in the physical world--power, effects, legitimacy, and notice--do not translate very well to the virtual world of eBusiness. Governments that want to enforce laws regarding business conduct on the Internet must

Ethical, Legal, and Regulatory Issues Paper

1743 words - 7 pages who participate in conducting e-business transactions on the web. According to McAfee Inc., an internet security company, new threats are constantly arising on the internet that make consumers vulnerable to becoming victims of cyber crime (CNN, 2009).Aside from security issues, companies well as consumers need to be mindful of legal, ethical and regulatory issues when participating in an e-business environment. Team D's paper will discuss how

B2B and B2C Ethical, Legal and Regulatory Issues

1478 words - 6 pages Every site on the web is different; no two are exactly alike despite if their topics are the same. Even if this is an obvious fact to some, it is still amazing how people sometimes tend to put all web sites in the same categories. Every site on the net serves different purposes. I'll examine the differences and similarities between how business-to-business (B2B) and business-to-consumer (B2C) websites deal with ethical, legal and regulatory

B2B VS B2C: Legal, Ethical and Regulatory Issues

717 words - 3 pages Copyright- Credit and cash policies- Security- International TradeSince e-commerce is a fairly new trend, there are very few rules consistent procedures. There are also many issues dealing with taxes that are hard to regulate on a B2B site (PWSI, 2006). As e-commerce begins to grow in the future, legal, ethical and regulatory issues will go through many changes and eventually it will be harder to commit any illegal activities online. In researching

Similar Essays

Addressing International Legal And Ethical Issues

777 words - 3 pages Addressing International Issues PAGE \* MERGEFORMAT 1 Addressing International Legal and Ethical IssuesTeam BUniversity of PhoenixBUS 415June 4, 2009Addressing International Legal and Ethical IssuesThe University 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

Addressing International Legal And Ethical Issues

1335 words - 5 pages clear on what the goal is and who will be involved.According to Cad Mex Pharma's history, the company has strived to develop a "cost-effective health care product" (Addressing International Legal and Ethical Issues, 2004). The company's experience in international businesses has allowed over 127 global alliances. This also includes five research centers within the United States and Europe.While preparing this international contract, make an

Addressing International Legal And Ethical Issues

752 words - 3 pages money and to avoid litigation. While it can be costly to handle these disputes in the United States courts, this may be the best venue to use to come to an agreement. If the venue is held on another country's soil, the same laws may not apply. This will also alleviate any concern of government interference since Candore is currently experiencing political turmoil.ReferencesUniversity of Phoenix. (2005). Addressing International and Ethical Legal

Addressing International Legal And Ethical Issues Memorandum

1568 words - 6 pages /sp.asp?id=28749Business Culture (2009). Indian Holidays. Retrieved April 30, 2009 from http://www.worldbusinessculture.comSamantha K. Graff, Tobacco Control Legal Consortium, There is No Constitutional Right to Smoke: 2008 (2d edition, 2008). Copyright © 2008 Tobacco Control Legal ConsortiumUniversity of Phoenix (2005). Addressing International and Ethical Legal Issues. Retrieved April 20, 2009, from University of Phoenix, rEsource, Simulation.