TC, there are many barriers that have to be overco
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Posted On: 09/20/2020 3:17:15 AM
TC, there are many barriers that have to be overcome.
1) the time difference of 12h.
2) the language barrier
3) the cultural differences, I have recently overheard a conversation in my company in regards to the approval of our breathing ventilators in Japan. This is done though a cooperating agency. While we are always have a tendency to do the minimum documentation to get away with when it it comes to certification of our equipment, the Japanese have that culture of "not losing their face", where it would be an insult to tell someone to have made a mistake. So in order to avoid that, they apply for FDA equivalent approval with the maximum possible amount of documents such that the will surly not be any questions remain unanswered. I can imagine something similar is the case here.
4) as Joe stated towards someone here, it has to be carefully defined what knowledge is transferred what legal rights and patent protection measures are to be applied.
5) Obviously the jurisdiction of the contract is an issue, if Bintai is paying for the development of the vaccine, it has to be clear in what areas of this planet they are then allowed to market the final product.
6) you are one of the biggest critics when it comes to contracts that leave loopholes, that the other party exploits afterwards (and right so you are), now they are dealing with one of the most important contacts in the history of the company, which seems to have 400+ pages, and you complain that it takes too long to sign it and see even dark clouds on the horizon? You got to be kidding me!
Better be save than sorry, right!?
Think again! And most importantly RELAX yourself and get down out of that palm tree that you seem to wind yourself higher and higher into.
1) the time difference of 12h.
2) the language barrier
3) the cultural differences, I have recently overheard a conversation in my company in regards to the approval of our breathing ventilators in Japan. This is done though a cooperating agency. While we are always have a tendency to do the minimum documentation to get away with when it it comes to certification of our equipment, the Japanese have that culture of "not losing their face", where it would be an insult to tell someone to have made a mistake. So in order to avoid that, they apply for FDA equivalent approval with the maximum possible amount of documents such that the will surly not be any questions remain unanswered. I can imagine something similar is the case here.
4) as Joe stated towards someone here, it has to be carefully defined what knowledge is transferred what legal rights and patent protection measures are to be applied.
5) Obviously the jurisdiction of the contract is an issue, if Bintai is paying for the development of the vaccine, it has to be clear in what areas of this planet they are then allowed to market the final product.
6) you are one of the biggest critics when it comes to contracts that leave loopholes, that the other party exploits afterwards (and right so you are), now they are dealing with one of the most important contacts in the history of the company, which seems to have 400+ pages, and you complain that it takes too long to sign it and see even dark clouds on the horizon? You got to be kidding me!
Better be save than sorry, right!?
Think again! And most importantly RELAX yourself and get down out of that palm tree that you seem to wind yourself higher and higher into.
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