investments, and governance mode are interdependent and determined simultaneously. A number of authors came up with an increasing interest in relational institutional arrangements arguing that TCE may overstate the desirability of complex long-term contracts and vertical integration in exchange settings where a substantial hold-up potential is present. JEL Codes: Keywords: D23, L22 Transaction cost economics, discriminative alignment, theories of the firm, shift parameter framework, positioning-economizing
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How to Fire an Employee… Without Getting Burned February 14, 2013 Legal Editor: Mike Jacobson Twitter: @HRTerminator michael.jacobson@reedbusiness.com XpertHR • Practical guidance for HR professionals helping you: – Comply with complex and changing employment law across all jurisdictions – Reduce risk of fines from violations – Save time by finding trusted answers in one place Why is this important? • 2007 study by Jury Verdicts Research indicates that lawsuits by employees are up 400%
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A contract is an agreement between parties, with terms and conditions that describe the agreement, that constitutes a legal obligation. Contracts provide the means for individuals and businesses to sell and otherwise transfer property, services, and other rights. The four elements of a valid contract are agreement, consideration, contractual capacity, and lawful object, in order for a contract to be enforceable all four of these requirements must be
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against whom the right may be personally enforced.- there is only a definite active subject without any definite passive subject Law on Obligations and Contracts (Part 2) Nature and Effects of Obligations The following are the rights available to a creditor in obligations to give: If it is a determinate thing: 1. To compel specific performance 2. To recover damages in case of breach 3. Acquires personal right to the fruits of the thing from the time the obligation to deliver arises 4. Acquires
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Accounting Standards & Regulations: Assignment Part 1 A) Why do companies use accounting numbers in management compensation contracts? The premise behind corporate compensation contracts is two-fold. The first component is rewarding employees for positive company performance because individuals value pursuit of self-interest over pursuit of company-interests; the second component is to generate a sense of company ownership and provide qualitative incentives for employees to perform up to
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Reasons to Discharge Contracts | Contracts are a means to an end, not an end in themselves. They represent a promise to do something or to refrain from doing something. When both parties to a contract fulfill their promises, the contract has served its purpose and is terminated or discharged.However, if one or more of the parties to a contract are unable to perform what they promised and there is no legal excuse for this inability to perform, there is a breach of the contract. There are five valid
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The undersigned musical artist/group is under binding contract with A PRODIGAL SON ENT with the following restrictions, expectations and regulations formerly agreed upon by the named company, it's affiliates and the artist/group. _______A PRODIGAL SON ENT is herby agreeing to uphold the following services on the predetermined dates times and schedule. A.P.S.E. will appoint an account manager to each artist/group that will be responsible along with the C.E.O and C.O.O for handling all of the account
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Remedies: Breach of Contract Introduction There are various remedies available to an innocent party where there has been a breach of contract. The main remedy is damages, but in certain situations, equitable remedies are available. 1. Unliquidated Damages Unliquidated damages are assessed by the court and are designed to compensate the innocent party for any losses incurred as a result of a breach of contract. However, where loss can not be proved, the innocent party will only be entitled to
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PERFORMANCE WORK STATEMENT Table of Contents 1 OVERVIEW 1 2 CONTRACT REQUIREMENTS 1 2.1 Objectives Fulfillment 1 2.1.1 Business Objectives 1 2.1.2 Technical Objectives 2 2.1.3 Management Objectives 3 2.2 Assumptions and Constraints 3 2.2.1 Access Control 4 2.2.2 Authentication 4 2.2.3 HSPD-12 Personnel Security Clearances 4 2.2.4 Non-Disclosure Agreements 5 2.2.5 Accessibility 5 2.2.6 Data 5
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termination was related to performance they are liable to uphold the " Notice of Unsatisfactory Performance/Corrective Action Plan." By giving Pat a company document that stated: " If the job performance of an employee is unsatisfactory, the employee will be notified of the deficiency and placed on a corrective action plan. If the employee’s performance does not improve to a satisfactory level in the specified time period, termination will follow." NewCorp has entered into a contract to do just that.
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