Reference no: EM13493679
Born-Free Pte Ltd ("Born-Free") is a construction company that specialises in environmentally friendly residential projects. It is struggling to survive in a competitive market. One of its cost-cutting measures was to retrench staff. Benny has been working with Born-Free for one year. Born-Free's management decided to terminate the services of Benny. The following agreement was reached between Born-Free Pte Ltd and Benny during a meeting:
(a) Benny would vacate his position as a sales and marketing manager at a specified date;
(b) Benny would not enter into competition, directly or indirectly, with Born-Free for a period of 6 months from the date of termination; and
(c) Benny shall not join any construction company, including construction companies that specialise in environmentally friendly residential projects, in Singapore or anywhere else during this 6-month period.
After leaving Born-Free, Benny incorporated a company, Live-Again Pte Ltd, which successfully tendered for various contracts in competition with Born-Free. When approached by Born-Free about his actions, Benny denied that statement (b) above constituted a legally binding promise not to compete with Born-Free.
Born-Free has come to you for advice. It wants Benny, through Live-Again Pte Ltd, to immediately stop tendering for contracts that are in competition with Born-Free.
Explain whether the terms of the agreement are enforceable and if yes, to what extent. Apply case law and legislations to identify the remedies available to Born-Free in the event that the courts held that there was a breach by Benny. Demonstrate well developed written proficiency.
|
Calculate the expected return
: The following table shows the one-year return distribution of Startup, Inc. Calculate The expected return.The standard deviation of the return.
|
|
Discuss the contract between fce and free-rider pte ltd
: Advise John on the approaches that a principal could adopt to limit an agent's authority. Discuss which is the most pragmatic approach for John and explain it to John. Demonstrate well developed written proficiency.
|
|
How long until you hear the splash
: You drop a stone down a well that's 9.5m deep. How long until you hear the splash? Assume the speed of sound in air is 343m/s
|
|
What is the magnitude of the force that you exert on handle
: You are trying to lose weight by working out on a rowing machine. Each time you pull the rowing bar (which simulates the "oars") toward you, What is the magnitude of the force that you exert on the handle
|
|
Demonstrate well developed written proficiency
: Explain whether the terms of the agreement are enforceable and if yes, to what extent. Apply case law and legislations to identify the remedies available to Born-Free in the event that the courts held that there was a breach by Benny. Demonstrat..
|
|
What must be the height of the first hill
: A skier starts from rest at the top of a hill. The skier coasts down the hill and up a second hill, as the drawing illustrates. What must be the height h of the first hill
|
|
Advise soto on whether it is entitled to terminate
: Advise Soto on whether it is entitled to terminate the entire contract on 26 April and refuse to place any further orders with D-light, given the alleged breach by D-Light.
|
|
What is the change in the cars kinetic energy
: A roller coaster (370 kg) moves from A (5.00 m above the ground) to B (25.0 m above the ground). What is the change in the car's kinetic energy
|
|
How many protons are in this system
: A system consisting entirely of electrons and protons has a net charge of 1.71×10?15 C and a net mass of 4.76×10?23 kg. how many protons are in this system
|