AED 204 Legal and Ethical Issues

AED 204 Legal and Ethical Issues - Legal and Ethical Issues...

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Legal and Ethical Issues Memo 1 Running Head: INTERNATIONAL LEGAL AND ETHICAL ISSUES MEMO International Legal and Ethical Issues Memo
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Legal and Ethical Issues Memo 2 International Legal and Ethical Issues Memo The companies CadMex Pharma and Gentura have formed a joint venture to produce pharmaceuticals for world-wide distribution. Some positive points about the business relationship with Gentura were the attributes of good technology and the experience of 25 years of providing leading biotechnology to the industry. The involvement of the Candore government in business contracting ensures detailed scope and specifications, adding to the legal surety that the letter of the contract could be honored. Although Candore does not conduct international trade with regularity, they have formal diplomatic relations in 23 nations including the U.S. Team B addressed the decision-maker of CadMex Pharma by identifying potential conflicts between Cad Mex Pharma’s legal rights and ethical duties. Additionally, each member of Team B identified similar situations based on experiences where the law conflicted with cultural practices. Each team member’s experience or event includes an evaluation of the ethical implications along with any actual or proposed resolution(s). Potential Conflicts: Legal Rights vs. Ethical Duties The potential conflicts between legal rights and ethical duties came about in the portion of the simulation that dealt with the rare viral outbreak that threatened one percent of the population, then actually infected three percent of the population. The simulation provided precedence to the law which made CadMex Pharma’s position to sue, legally strong. However, the ethical duty to cooperate with the government and allow mass production of the vaccine despite the patent infringement was a strong inhibitor. The public outcry from deciding to pursue legal action caused more damage financially than the loss of patent on the vaccine. Some of the potential conflicts around this situation are the difference of legal enforcement between the United States law and Candorean law. Using CISG vs. CRTIC is a
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Legal and Ethical Issues Memo 3 potential conflict, while it is to Cad Mex’s benefit to use International law as opposed to local law the use of CRTIC fits the contract needs of both parties more effectively. CRTIC is also the more ethical choice because it requires full disclosure by Cad Mex. The United States enforces its laws separate from the government and politics. The political structure of Candore’s government has influence on the business conducted in their country. Candore does not regularly participate in international trade; therefore, it is likely that their legal system is not adequate to address every possible situation that could arise from international ventures. During the simulation, Candore tries to join the World Trade Organization. Eventually
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This note was uploaded on 12/21/2009 for the course COM 220 AAPSY-012 taught by Professor Danstone during the Spring '09 term at University of Phoenix.

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AED 204 Legal and Ethical Issues - Legal and Ethical Issues...

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