Business Law: Parker and Shoddy - Essay Example

1. That a signed document is produced to prove the breach of contract.
2. That the plaintiff produces proof of destructions arising because of the broken agreement. These can be damages such as loss of customers or profits.

However, in this particular case, Mr. Shoddy would be forced to comply with the terms of the agreement. This is due to the fact that Hoosier burg has been his territory for so long. He has a well-established clientele. Besides, he has those clients who are faithful to him and his comeback would sweep them all from the plaintiff’s shop. Another reason could be the fact that the sold shoe repair shop has not had a change of name. This somehow still gives Mr. Shoddy an upper hand in the business.

As this contract is in place and after its end or stoppage, Bob Boswell accepts to maintain the confidentiality of WABC’s details such as a list of clientele, company operation modalities, or any other private matters. Bob Boswell accepts to take proper care not to spill out anything accidentally (Emerson, 2009 p.145). It is important to note that, privacy and confidentiality prevent your competitors from knowing your operations, therefore, increasing your chances.

As this agreement is still binding, the respective employee will work to perfection in their quest to execute their duties diligently as news anchors whilst keeping to the agreed terms and conditions. It is important that the employer pledge commitment to competent service by the employee.

WABC willingly accepts to pay Bobswell US$ 100000 in case of any damages. This is in respect to the assurance of compensation by the employer in case of any incident. At the end of this agreement, Bob Boswell agrees not to engage in a similar venture as WABC for a period of one year around a distance of 50 miles of WABC in New York (Emerson, 2009 p.539). This is in respect to the assurance to the employer that his/her tactics will not be used against him/her.

In case WABC fails to commit to its promises, the above conditions will no longer be binding. Rivalry means engaging in any other television venture with like interests. Bob Boswell agrees to compensate an amount of US$100000 for failure to keep to the terms of this agreement.

As a symbol of agreement WABC and Bob Boswell sign below:

WABC Television network (Employer)…………………..  Date…………………

Mr. Bob Bobswell (Employee)……………………………  Date............................