Business Law Contract Paper - 1127 Words

CONTRACT REVIEW ASSIGNMENT Instructor: Barb Eccles Business Law 3051-FA Matthias Majerczyk Due Date: Tuesday, November-27-2012 BigCo Agreement for Exchange of Confidential Information 2) Most people who have positions in a corporation are employees under the legal entity. So, therefore Really Smart Guy is the Vice-President and an employee of BigCo Limited. BigCo can use confidential draft patent application and some confidential information to compete with III. This is according to paragraph 4, â€Å"BigCo can use III’s ideas, concepts, know-how and techniques for its own business activities to compete with III, only if III’s Information is retained in the memories of BigCo’s employees who have had access to the Information under the†¦show more content†¦And verbal disclosure of confidential information must be followed by a written summary of the conversation marked â€Å"Confidential,† and to be delivered to the recipient within thirty days of the conversation (relate to any subject matter set out in Schedule â€Å"A† herein) 7b) I think that RBI would have a harder time proving what information was covered in the RBI Agreement, if Snoopy Weasel violated the Agreement as compared to Question 6 situation. I would also like to add that III would actually have it easier to prove than RBI, because comparing the two Agreements; BigCo Agreement and RBI Agreement, the BigCo Agreement is easier to read, it is clear and there are no weird clauses and terms (except for the weird survival clause) as opposed to the RBI Agreement, which is long, too many weird terms, and sometimes the wording is unclear. 8) A waiver clause establishes the party’s ability to enforce terms of agreement in spite of that party’s silence, inaction, or certain other types of conduct under the contract. Waivers are included in agreements because it clarifies exactly what constitutes an intentional relinquishment of a contractual right by a party. Typically, these clauses make it an express requirement that the waiver be in writing before it will constitute a true waiver.Show MoreRelatedBusiness Law Term Paper Rent a Car Contract6396 Words   |  26 PagesTerm Paper Rent-a-Car Contract ADM 3360A Andrew Sarofeim 4856542 December 7, 2010 Introduction With the ability to fly anywhere around the world at a relatively affordable price, many Canadians are finding themselves taking trips to visit family, friends, or complete strangers more often than ever before. However, the ability to travel in a given destination of choice will require the ability to drive a car. This has created a largeRead MoreAn Introduction With A Thesis Statement1064 Words   |  5 PagesAssignment D. 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