Addressing International Legal and Ethical Issues Simulation Summary Essay

Addressing foreign Legal and Ethical Issues Simulation Summary - Essay ExampleWhile taking legal live up to against a foreign melodic line partner based in a nonher country, there often exists veritable practical considerations that need to be taken into account. Contextually, the laws prevailing in the host country may not be the same as in the domestic environment and may vary drastically. Moreover, the culture of the host nation as well as the ethical values possessed by foreign business partner may not place the same degree of importance to the aspects such as institutionalize and belief (Aliment, 2009). Consequently, it is necessary for the guest business partner to consider and get acquainted with local values, norms and ethical motive for seeking legal action against a foreign business partner.With respect to CadMex Pharma company, its partnering company i.e. Gentura is laid in Candor country. There are certain factors that may work against CadMexs decisions to grant sublicensing agreements. It should be noted that a company having a number of sublicensing agreements is vulnerable to face lawsuits, if the third parties such as workers are involved in any kind of property damages or related activities. In other words, CadMex will be liable for any damages occurring due to any third society negligence.When, the local customs and laws conflict with the customs and laws of an organization operating abroad, essentially the local customs and laws of the special(prenominal) country in which the company is located prevails. A company operating abroad has to abide by the laws, value the ethics and respect the culture of the host nation, failure to do so may construct the company to attract legal actions against for not abiding by the rules and the regulations of the host country. Such legal actions may hurt the business relationship immensely and create misunderstanding against each other.I believe that local laws, ethics and cultural aspects are clos ely related with each other. If the