Essay on Contracts Project 3

Submitted By Mike-Balenger
Words: 919
Pages: 4

ACC 205
Group Project
Component 3: Contracts

As the manager of the restaurant, you are responsible for all contract issues. You negotiate contracts, review contracts, and sign contracts. For Component 3 you are to read the two contracts in the BbLearn Shell and answer the following questions. These questions relate to the contracts themselves as well as to the subject matter of the contract. You may be required to look up terminology and review or read ahead in the book. Point values are listed after each question.
Use the Non-Compete Agreement to answer questions 1-10.
1 What is the consideration in this contract (something must go both ways – what is it each way)? (2 points) (MICHAEL BALENGER)JARED HANSEN
The considerations amongst this contract are under the Agreement portion of the post-termination agreement and covenant not to compete contract. The considerations are as follows, Bistro 205 has sole proprietorship in Flagstaff, AZ.

2 In December 2014, Mitchell Weisz quits and leaves Bistro. According to the agreement between Bistro and Weisz, for how long must he refrain from working for a competitor? (2 points). (JOSHUA TAYLOR) KRISTIAN FONTAINE
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3 There are several things that Weisz must do if he quits Bistro (in addition to the non-compete in the above question). List 3 of those things and the paragraph (including subparagraph numbers) where you found those requirements. (3 points) (CARLOS RASCON) SAMUEL HERBST
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4 What is the geographic restriction of the non-compete? In what paragraph is that information? (2 points) (JARED HANSEN) MICHAEL BALENGER _____________________________________________________________________
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5 Given what you have read and know about non-compete agreements, is this a reasonable non-compete agreement? Why or why not? (3 points) (KRISTIAN FONTAINE) JOSHUA TAYLOR
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6 Weisz makes $30,000 as an annual salary at Bistro. When Weisz leaves, how much money will he be paid out and when will he receive it? Assume his last day on the job is December 31, 2014. (3 points) (SAMUEL HERBST) CARLOS RASCON
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7 In paragraph 7, Remedies for Breach, it states that Bistro can obtain injunctive relief. What does that mean? (2 points) (HARRISON DOWNING) JARED HANSEN
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8 What is the effect of Paragraph 8? By “effect” please explain what sort of arguments against validity of the contract does this paragraph try to avoid or anticipate. (3 points) (MICHAEL BALENGER) JARED HANSEN
With the term “effect” written in paragraph 8, titled severability, Bistro 205 is stating that if there is a court date against Bistro 205 for any reason at all, the remaining portions of the agreement will remain active until court…