Rights of the Contract Research Paper Example | Topics and Well Written Essays - 2000 words

Rights of the Contract - Research Paper Example Nomar shall acquire rightful ownership that will include executive powers to run the gun business upon payment of the principal sum. Henceforth, all legal procedures and requirements shall be based on his adherence to proper business ethics as outlined in their partnership accord. The principal sum will indicate Mia’s willingness of compliance to the business transfer contract. Thus, the sum will be a commitment for her 50% share ownership in the business. Following the first settlement Nomar will achieve executive rights to purchase all the business assets up to and including inventory, fixtures, trade license, and the remaining seven-year lease of the business store. Use and Disclosure; Rights The business partners shall agree on disclosure of rights and business freedoms as required by the law. Following a successful transfer of ownership, business partners shall be required to comply with regulation that regards to the nature of the business. Considering that the couple is involved in a sensitive business and one that is of national concern, the partners shall be expected to comply with confidentiality as required by the court. Unless authorized by a legal procedure, the business partners shall be expected to withhold any sensitive information that pertains to their business. A mutual agreement will be reached in accordance to the Uniform Commercial Code or otherwise. Henceforth, the business associate shall be accountable for any form of disclosure that threatens the very existence of the business or any form of security breach related to their business. In this concern, the associates shall agree not to disclose any sensitive information that would otherwise jeopardize the requirements covered in the business entity.... The business partners shall agree on disclosure of rights and business freedoms as required by the law. Following a successful transfer of ownership, business partners shall be required to comply with regulation that regards to the nature of the business. Considering that the couple is involved in a sensitive business and one that is of national concern, the partners shall be expected to comply with confidentiality as required by the court. Unless authorized by a legal procedure, the business partners shall be expected to withhold any sensitive information that pertains to their business. A mutual agreement will be reached in accordance to the Uniform Commercial Code or otherwise. Henceforth, the business associate shall be accountable for any form of disclosure that threatens the very existence of the business or any form of security breach related to their business. In this concern, the associates shall agree not to disclose any sensitive information that would otherwise jeopardize the requirements covered in the business entity.