The multi-million dollar technology licensing agreement was in hazard of falling apart. It was late September 2001; some months beforehand, The University of Western Ontario's (UWO's) Industry Liaison Office had sign a provisional agreement with a chief pharmaceutical company running through the People's Republic of China (PRC). The arrangement permitted the firm to use unique technology developed at UWO in health products to be promoted throughout the PRC. The agreement was conditional upon ratification being signed not later than October 31, 2001 - but, within that span, terrorists attacked the Pentagon and the World Trade Center.
In the months straight away following September 11, 2001, the desire of the PRC for purchasing Western technology had significantly declined, and the PRC Ministry of Foreign Trade and Economic Development continued to delay ratification of the deal. UWO's legal counsel, Peter Ross, was inquired by his university to lay out the structure and possible alternative courses of action within which a decision could be made as to what the university could do in this scenario. The learning objectives of the case are: 1) to become aware of the kinds of intellectual property (IP) that can be involved in international co-operation, the potential problems and dangers involved in sharing IP, the kinds of agreements that can be drawn up to minimize the risks, and the legal frameworks within which disagreements can be solved 2) to become conscious of how different partner nations respect or purportedly disregard rights to IP and commercial transactions ordinarily 3) to develop strategies for contending in this environment.
PRC & Peter Ross Case Study Solution
PUBLICATION DATE: March 20, 2009 PRODUCT #: 909M29-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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