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.

Prove why this merger would be beneficial for the company Essay

Prove why this merger would be beneficial for the company - Essay Example Thus, a company that merges with a competing firm will benefit from economies of scale, market penetration, and diversification. When the two firms come together to form a single firm, the output increases and the average costs reduce. Budgets for activities such as marketing might be lowered. The new company enjoys increased purchasing power, leading to lowering of the costs of raw materials and other things. Consumers, therefore, enjoy the reduced prices due to the reduced costs. One of the different economies of scale that the merger will bring includes the bulk buying: the merged company will enjoy discounts that come with purchasing large quantities of raw materials. The company will also enjoy a better rate of interest and hence boost its financial position. Additionally, the company will enjoy from technical economies especially if the firm has significant fixed costs since the average costs reduce. Furthermore, the merger will reduce organizational costs since they will merge their operational officer (Tejvan, 2014). The companies will quickly access more customers than before since they have merged their marketing, sales and distribution efforts. If the individual firms had demonstrated success in separate markets, the merger would benefit greatly. For instance, the merger of American automaker Chrysler Corp. and the German automaker Daimler-Benz enabled the new firm, Daimler-Benz, to penetrate markets in both North America and Europe. If both companies competed initially in the same market, they might fail to enjoy the benefit of market penetration since the customers will still see them as separate (Reddy, 2011). Thus, merging of companies that operated in various geographic markets may be more beneficial than those that worked in the same market. Merging allows companies to either combine or start producing a variety of goods and services. Businesses that produce the same products or offer similar