Australia in the case law has evidenced different issues that surround the employer-employee relationship. Under the common law, employers and employees have a contract of employment which may be a fixed term or a permanent employment relationship. These contracts demand the mutual trust and confidence from both parties. In such a contract, the employers must be fair and reasonable when dealing with their employees. A case law that looked at the implied duty of the mutual trust and confidence was
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between the buyer and the vendor. Forfeiture clause of the deposit is usually clause under the contract which allows the vendor to forfeit the deposit. In this report, we will discuss the size of the deposit, the validity of the forfeiture clause by illustrating the principles lie behind the forfeiture of deposits through four cases. 2. Size of the Deposit In Hong Kong, most of the contracts (either provisional agreements or formal agreements) are prepared by the professionals: the real
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EITF Issue No. 08-9 Appendix 08-9A EXAMPLES The following examples are provided to illustrate the application of the various views under Issue 2 of Issue Summary No. 1, Supplement No. 1. Fact Pattern - Biotech License and R&D Contract Biotech Company (Biotech) enters into an agreement with Pharmaceutical Company (Pharma) on January 1, 20X1. The agreement includes Biotech (a) licensing certain intellectual property rights to Pharma and (b) providing research and development (R&D) services to Pharma
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International Legal and Ethical Issues Simulation Summary The most important thing to consider when solving international disputes is whether or not the contract is legally enforceable in all countries. Countries are ruled by different rules and regulations and the business initiating the contract needs to take into consideration the law, culture, and ethics of the country they are doing business with. When considering sublicensing agreements, CadMex must ensure that all quality standards and
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EXPOSURE DRAFT “REVENUE FROM CONTRACTS WITH CUSTOMERS” Name Institution Honest & Blonde Address Telephone number TeleFones4U Address: Telephone number: 7 October 2014 Exposure Draft, “Revenue from Contracts with Customers” Dear Sir, It is our pleasure to provide our response and comments on the new exposure draft, which is on “revenue from contracts with customers” that was published by the FASB (Financial Accounting Standards Board) in the year 2011. TeleFones4U being one of
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Jurisdiction (Civil = money or property) Summary Proceeding = Eviction matter Lawsuit of Landlord trying to evict the tenant Town/Village court small claim limit is $3,000 (City is $5,000) Small claims are brought against the defendant in the town the defendant resides in. Small claim jurisdiction in City Court is Countywide. City Court Biggest volume regarding traffic matters Misdemeanor Jurisdiction Civil Jurisdiction Summary Proceedings Small claims jurisdiction (up
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relationships is GNC who argued that the conduct of McCreadies was sufficient to represent they had authority to enter a binding agreement on behalf of O2. McCreadies was hired by O2 to negotiate the terms of the contract and GPN argued that agents are commonly used to negotiate and enter into contracts and that O2 had at no time informed them of any restrictions of McCreadies’ authority. (Geoff, 2005) . When I went into business in the early 1990s there were not a lot of companies offering web design or
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regards to the counter-sue by Lawson, consideration needs to be placed towards the "at will" concept of employment with Greene. Employee handbook should be reviewed for further understanding of Greene's employment policy and expectations. Implied contract does not guarantee security and application of longevity, performance, and whether Lawson was terminated on good cause needs additional review. (McAdams, 2015) Notable considerations needs to be gathered as to employees involved in the downsizing
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Root, U.S. District Court. A lawsuit filed in federal court in DC by the US Army, alleged that KBR violated the contract by failing to obtain Army authorization for arming subcontractors and allowing the use of private security contractors who were not registered with the Iraqi Ministry of the Interior. The case was dropped by the US but then in 2014 the Armed Services Board of Contract Appeals advised that KBR use of private security contractors did not violate contractual terms with the Army. The
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Essay Question 1 1. From the sale of his home in 2004, Melvin will incur a gain in the amount realized from the sale of his home, which exceeds his deferred basis in the home because the property was transferred to him incident to divorce. Furthermore, Melvin will be able to exclude the gain on the sale of his personal residence from his taxable income. The rules pertaining to federal income tax and income tax deductions are governed by the Internal Revenue Code (“the Code”). According to the
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