read 2 contracts and fill in the blanks

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For assignment 2 you are to read the two contracts in the BbLearn Shell and answer the following questions.Â These questions relate to the contracts themselves as well as to the subject matter of the contract.Â You may be required to look up terminology and review or read ahead in the book.Â Point values are listed after each question.

Use the Confidentiality Agreement to answer questions 1-9.

1)Â Â Â Â Â What is the consideration in this contract (something must go both ways â€“ what is it each way)?Â (4 points)

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2)Â Â Â Â Â In February 2014, Joseph Martin quits and leaves Concordat Company.Â According to the agreement between Concordat and Martin, for how long must he refrain from working for a competitor?Â (2 points).

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3)Â Â Â Â Â There are several things that Martin must do if he quits Concordat (in addition to the non-compete in the above question).Â List 5 of those things and the paragraph (including subparagraph numbers) where you found those requirements. (10 points)

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4)Â Â Â Â Â If Martin develops an invention in April 2014 (after he leaves the company) and he files a patent application on it, what is the status of that invention?Â In what paragraph is that information found:Â (2 points)

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5)Â Â Â Â Â What is the geographic restriction of the noncompete and how is it that it will not be considered too broad.Â In what two paragraphs is that information?Â (4 points)

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6)Â Â Â Â Â Martin and three others worked together at Concordat to develop 200 inventions.Â When Martin leaves, how much money will he get if Concordat decides to protect those patents and in what paragraph is that information found?Â (6 points)

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7)Â Â Â Â Â In paragraph 7, Remedies for Breach, it states that Concordat can obtain injunctive relief.Â What does that mean?Â (4 points)

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8)Â Â Â Â Â What is the effect of Paragraph 8?Â (6 points)

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9)Â Â Â Â Â What is the effect of Paragraph 9?Â (6 points)

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10)Â If Martin leaves the company and assigns his rights in writing to Concordat, but something is wrong with the written assignment and all of the copyright assignments are considered invalid, how does this contract handle that and where did you find the answer?Â (6 points)

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Use the License Agreement to answer questions 10 â€“ 20.

11)Â If a competing company starts to market a brand of clothing and puts a picture of a woman who looks remarkably like Janessa Bailey on the product, what are the responsibilities of the parties to this contract?Â Who has the right to sue for the third party and in what paragraph did you find this information?Â (6 points)

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12)Â Â If Ms. Bailey sets forth reasonable standards for the use of the marks and then Concordat uses the marks in a way that does not comply with the standards, what can Ms. Bailey do about it and where did you find this information?Â (6 points)

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13)Â Janessa puts together a list of standards that should control how she wants her picture to be used.Â Three weeks later, she changes the standards a bit.Â Then three weeks later she does it again.Â If this is a violation of the agreement, what provision would Concordat point to and what is the argument that this is a violation?Â (6 points)

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14)Â If Janessa dies on March 15, 2018, what responsibility does Concordat have and where did you find that information?Â (6 points)

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15)Â If Janessa terminates the agreement for cause, what does Concordat have to do and where do you find that information?Â (4 points)

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16)Â What is the consideration in this contract?Â (4 points)

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17)Â What is the evidence of capacity in this contract?Â (4 points)

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18)Â The contract uses the terms â€œworldwide exclusive, nontransferableâ€ to describe the license (see paragraph 1).Â What does that mean?Â (6 points)

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19)Â What are the exceptions to the nontransferable description and where did you find it?Â (4 points)

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20)Â If there is a dispute between Janessa and Concordat, in what forum is it likely to be heard?Â Why?Â (2 points)

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21)Â If Concordat uses the marks as intended, and Janessa maintains reasonable standards, how long will the agreement last and where do you find that information?Â (2 points)

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