Addressing International Legal and Ethical Issues CadMex Pharma and Gentura are the two companies discussed in the simulation. CadMex Pharma is a pharmaceutical company in Florida that invests in the research and development of drugs and manufacturing techniques (University of Phoenix, 2004). Gentura is a biotechnology company in Candore that focuses on biopharmaceutical products (University of Phoenix, 2004). Gentura developed a new drug for diabetes and is considering a partnership with CadMex
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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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International Legal and Ethical Issues LAW/421 International Legal and Ethical Issues Addressing international and legal issues can bring about large implications for both companies. It is advisable to have a distinct contract drawn up to protect the rights of the companies especially when seeking technology licensing. Different legal and ethical issues arise when setting up international partnership. One should take into consideration the customs of the business they are trying to complete
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Tina Phillips MGM365-1204A-07 The Legal and Ethics of Business Professor Cassandra Hart Individual Project 5 November 12, 2012 Businesses are becoming increasingly global because of enormous advancement in technology, communication means and transportation facilities. The idea of doing business with other countries is certainly a great move for organizations as now they can make more money and profit. Ethical implementation plans, are a mode to get employees educated as a company adopts
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International Legal and Ethical Issues In the “Addressing Legal and Ethical Issues Simulation” a number of issues were addressed. The most complex issues were surrounding the proposed jurisdictions of the courts where legal disputes would be argued. The central issues were the time and expense involved in the resolution of potential disputes. At issue were the distance (time and expense) of litigating in US courts versus the immediacy of litigating in the courts of Candore. The enforceability of
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RUNNING HEAD: INTERNATIONAL LEGAL AND ETHICAL ISSUES IN BUSINESS Introduction to Business Ethics BY: Carolyn Troxel BUSN 310 Unit 1 (IP) American InterContinental University (Online) RUNNING HEAD: INTERNATIONAL LEGAL AND ETHICAL ISSUES IN BUSINESS
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countries. These practices affect the way international business is regularly conducted. However, in most of these countries, it is illegal to offer or receive bribes or engage in corrupt practices. Yet corrupt practices are a part of the ‘culture’ of ‘doing businesses. Unless companies ‘conform’ to such practices, in many cases, international business cannot be transacted. This paper will attempt to provide discussion about bribery and corruption in international trade example in vary different point
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Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations take to limit legal responsibility in ethical matters
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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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Legal and Ethical Issues Summary Jeanette Hommerson June 11, 2011 LAW/421 There are some problems that international businesses can often face, such as legislative changes, clashes of interest, and ethical dilemmas (Melvin, 2011). The fact that these problems can occur, contracts with international countries must have some form of legal implementation (Melvin, 2011). Any contracts entered into internationally must be legally enforceable because if they aren’t, any issues that arise may
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