Jack,who recently retired,wants to invest in a new upstart local company,The Turmoil Corp.As part of the deal for investing in The Turmoil Corp.,the company has agreed to give Jack "...some sort of maintenance or security job for as long as he feels able." This agreement would best be placed

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The best option would be to place this agreement in a separate side agreement to avoid clutter and confusion. As it is not directly related to the company's charter, by-laws, or statutes, it is better to have a separate agreement outlining the terms of Jack's employment. Additionally, this agreement may not need to be formalized with a seal or meet the requirements of the Statute of Frauds as it is a promise for a job rather than a sale of goods or real property.

Jack,who Recently Retired,wants to Invest in a New Upstart Local