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Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859 Exercise 15
The sample contract on pages 366-369 is based on an actual employment-related contract between a company called Boulder Dry and its chief financial officer (CFO). As you read the contract, think about the following questions:
1. Which party seems to have had the stronger bargaining position, and why?
2. Which specific provisions favor the employer?
3. Which specific provisions favor the employee?
4. The parties' main intentions in signing this contract were to protect the firm's confidential information and to explain how the CFO could use that information. Which provisions are related to those two purposes?
5. Which provisions seem entirely unrelated to the main purposes? Why are these other provisions included in the contract? What do they do for the parties?
6. What terms in the contract do you find difficult to understand?
7. As a potential employee being asked to sign this agreement, what concerns might you have?
8. If after one year the employee resigns from Boulder Dry, what provisions of this contract should the employee have reviewed before resigning because they would affect his or her future? When leaving the company, what actions would the employee take to ensure that he or she was in compliance with all obligations?
1. Which party seems to have had the stronger bargaining position, and why?
2. Which specific provisions favor the employer?
3. Which specific provisions favor the employee?
4. The parties' main intentions in signing this contract were to protect the firm's confidential information and to explain how the CFO could use that information. Which provisions are related to those two purposes?
5. Which provisions seem entirely unrelated to the main purposes? Why are these other provisions included in the contract? What do they do for the parties?
6. What terms in the contract do you find difficult to understand?
7. As a potential employee being asked to sign this agreement, what concerns might you have?
8. If after one year the employee resigns from Boulder Dry, what provisions of this contract should the employee have reviewed before resigning because they would affect his or her future? When leaving the company, what actions would the employee take to ensure that he or she was in compliance with all obligations?
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Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
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