LAW 529 Lecture Notes - Lecture 4: Article Four Of The United States Constitution, Signing Bonus
16 Sep 2016
School
Department
Course
Professor
Document Summary
Three things are necessary to make a contract: 1. Certain types of contract are require to be written: 2 exceptions under the ontario statue of. Fraud: an employment contract that is definite period of time (fixed-term contact) that exceeds one year must be in writing and where the parties negotiating an agreement clearly intent to have a singed contract before their agreement becomes enforceable. Advantages of a written employment contact: reduces risk of misunderstandings. It specifies rights, obligations and expectations of both the employer and the employee. Reduces the risk of future litigation: addresses contentious issues early. Encourages parties to deal with potentially contentious issues early in their relationships (deal with anything before hand and before it becomes an issue: reduces uncertainty. If the parties go to court, the written contract will provide the. 4. court with clear record of the terms and conditions. For example: what is a reasonable notice of termination.
