BUSINESS LAW. I SEM MBA ONE MRKS QUESTIONS: 1. What is void agreement Void means having no legal value and agreement means Arrangement‚ promise or contract made with somebody. So void agreement means an agreement that has no legal value. “An agreement not enforceable by law is said to be void”. [Sec 2(g)] A void agreement has no legal effect. An agreement which does not satisfy the essential elements of contract is void. Void contract confers no rights on any person and creates no obligation
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Consensual Relationship Agreements Case Study Strayer University Argue For the Use of Consensual Relationship Agreements in Your Current Workplace Nowadays romantic relationships at work are happening more frequently. Thus‚ those links are bounded in many workplaces to occur. People spend most of their active time in their workplaces‚ which is not given them the chance to have a more active family and social life. Due this‚ co-workers ’ relationships are narrowing even more
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Forming a free trade agreement between countries is believed to have brought some negative impacts towards both countries’ in employment and growth. One of the objections to Country A signing a free trade agreement with Country B is that free trade may give a negative impact on jobs. Most free trade agreements give false promises‚ claiming that it creates jobs and raise incomes. However‚ the problem with this claim is that it misrepresents the real effects of trade on the economy. Trade‚ in fact
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invalid (Lau‚ 2011). The six elements of contract formation are offer‚ acceptance‚ consideration‚ mutuality of obligation‚ competency and capacity‚ and sometimes a written instrument (US Legal‚ n.d.). Contracts can be both bilateral‚ meaning an agreement between two parties‚ or unilateral‚ where action is taken by one party or group (Lau‚ 2011). This
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Introduction / Case Background The new kid agreement is a common contract in music industry. As mentioned in the case study‚ companies prefer the new kid agreement in order to manage their risks. However‚ this agreement proved a loss making deal for rock group. They are under obligation to finish all the eight recordings‚ even if it takes 12 years. On the other side‚ company can ditch the rock group any time. However‚ it is a legal contract that was signed by both the parties. It could be difficult
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Background The NBA Collective Bargaining Agreement is the contract between the NBA team owners and the NBA Players Association that dictates the rules of player contracts‚ trades‚ revenue distribution and the salary cap. Since the previous CBA signed in 2005 was going to be expired before July 2011‚ the two parties‚ team owners and basketball players had to come up with a new CBA for the upcoming few seasons. According to the CBA signed in 2005‚ a soft cap system (at $58 million) was adopted
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The General Agreement on Tariffs and Trade (GATT) 1947 functioned as a means of adjusting trade relationships between countries trying to improve their economies. Contracting parties to this agreement have been bound by it to treat other contracting parties on an equal and reciprocal basis as well as to curb protectionism. At the start of 1995‚ the GATT has been succeeded by the World Trade Organization (WTO) and has since been the most important development in international trade. However‚ it is
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Labor Relations and Collective Bargaining Agreements Strayer University BUS 310 Prof. Robert High March 15‚ 2009 Outline Labor Relations and Collective Bargaining Agreements I. History of the American Labor Movement a. Labor and Employee Laws b. The Union II. Labor Relation Process c. Public-Sector Labor Relations
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Non-compete or non-disclosure agreements are very common amongst big corporations and many businesses. Its purpose is to restrict employees or former employees of a business from disclosing company information or enter in a similar profession with specific regulations such as a certain distance within the former business or a competitor business. These kind of contracts make sense when it comes to higher up positions within a company but as of recently the controversy has risen about big corporations
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Winglets Sales Agreement This Winglets Sales Agreement (this “Agreement”) dated as of the 23rd day of October‚ 2016‚ by and between CAROLINA MANUFACTURING AND DESING‚ INC. (“Seller”) referred to as Carolina‚ a small medium-sized corporation and EL – BUBBA (“Buyer”). WITNESSETH: WHERAS‚ Seller is engaged in the business of producing and selling winglets; and WHERAS‚ Buyer proposes to purchase these winglets from Carolina for a period of no less than five years with the right to continue to do business
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