What factors could work against CadMex's decision to grant sublicensing agreements? Sublicensing agreement is when an organization has too many agreements and does not fully incorporating sub-paragraphs. This allows the organization to be hit with lawsuits when contract workers do something wrong. It makes the company liable for any and all damages. CadMex’s decision to grant sublicensing agreement will increase the chance of having a lawsuit brought against them in the future.
International Legal and Ethical Issues Keith Shaheen LAW 421 January 17, 2013 Simone Tyler International Legal and Ethical Issues Setting up a contract between Cadmex Pharma; in the United States and Gentura in the country of Candore; must be mutually beneficial for both companies. The contract should protect the rights of a company against any disagreements or disputes. American business in foreign countries will need to consider the different cultures, customs, ethical differences, international laws, and political situations when negotiating any contracts. Both companies will have to determine which laws to follow when attempting to resolve any disputes. In this scenario there are two types of laws to choose from are,
As Sainsbury's have a hierarchical structure they are most likely to lose a lot of money because for the marketing and research and development departments to carry out their functions they would need funding from the finance department. For this information to get to the finance department a lot of time would have been wasted and also for the finance department to reply to them, all this would cost them a lot of money. Advantages of Sainsbury's is that the power they have would be successful for the business as when work is being done the communication of the workers together when given commands from the manager and having to work better for the manager to impress them in order for more work to be done and at a more well-organized rate then if there was no pressure from the manager. Disadvantages would be that the workers would start to get stressed from having to complete the workload at too fast a pace for them to work at all times that they will start to work less and dislike there job and some days may not want to work as they are stressed to do work which is too much for them to cope as they are trying too hard to impress, this could lead to employees wanting to quit their job. Advantages are that when having to complete work set out by the manager to the employees it can be done efficiently so that the manager will be able to assess the employee and they could get a promotion to a higher part of their job.
For example, in the simulation CadMex must decide between CISG and CRTIC. The company is basically decided whether to follow an international trade agreement or follow the local trade agreement for the country they want to establish in. Once the choice of law is approved by the local government of then a forum is proposed. A forum selection clause specifies a forum to which a dispute between two conflicting parties will be settled. International Arbitration is a less expensive, neutral way to settle a dispute.
Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods. Legal liability is important when conducting an IPO and those offering the shares can be personally sued. The expenses continue after the company goes public with the SEC reporting requirements. Kathy Kudler will not only lose control of some of the decision making for Kudler Fine Foods with an IPO, but she will also lose some of the profits, as a portion will go to the
One of the main objectives of the simulation was addressing some of the potential legal and ethic issues resulting from such a partnership. While developing a contract that meet each company needs and offered protection to property rights and potential disputes. In working through the simulation some of the issues involved with working with foreign business are the legal system. An organization dealing with legal issue in a foreign court run the tendency of the case reviewed quickly resulting in facts being overlooked. Another issue is the difference is two countries law what is able to stand-up as proof
International legal and ethical issues Rebecca Messmer LAW 421 February 4, 2013 Teresa Knox International legal and ethical issues CadMex is a pharmaceutical company that is based out of Tampa, Florida. This company highly invests in the researching and manufacturing techniques of prescription drugs. Gentura, a biotechnology company based in Candore, is a small developing country looking to sell their newly developed drug of ProPez, which is an anti-diabetes agent that could have potential globally. The problem that arises is that Gentura has no resources for manufacturing and the marketing of the ProPez. On the other hand, CadMex has a lot of experience of manufacturing of such drug.
Addressing International Legal and Ethical Issues Simulation Erik Larson Law/421 February 17th, 2013 Eric Nord Addressing International Legal and Ethical Issues Simulation Strategy and tact are both required when a profitable endeavor is wanted while conducting international business. When conducting international business, legal issues are bound to arise, but must be resolved in order to retain the relationship between organizations. How a company deals with these legal issues is what can set a successful company apart from the rest of the field. When entering into an agreement with a company in another country, legal documents must be drafted to protect each company’s interest. In a business context, dispute resolution is not simply
The merger between Live Nation/Ticketmaster would be problematic according to critics because it channels in on an increased marketing strategy. While they also generate revenue they are also distracting people from the actions of Ticketmaster. With the merger between Live Nation and Ticketmaster it almost seems as though they control the sale market because of their controlling nature with Ticketmaster being the fore front of ticket sales and Live Nation being the largest management company they are controlling profitability. Which is evident in John Seabrook as stated “the company could deny its superstar acts to venues that refuse to use its promotional
There are not always happy endings to fairy tales. The financial risk can either boost or hinder a company to succeed. No matter if the money is from one’s pocket, borrowed or funded; there is a huge risk in losing a lot of money. If the money is borrowed, one will end up having a lot of debts. To prevent this, one needs to create good budget plans for the company and manage his money wisely.