Premium Essay

Business Contract Protocol

In:

Submitted By Randomemo86
Words 2880
Pages 12
Week 5 Final Paper
Betty Poppins
Bus 311
Instructor Brandy Krectzburg
7/01/13

Business Contracts: Protocol, Laws & Ethicality
There are various kinds of contracts which arise within our business world today; contracts are an essential component to business livelihood. Although a contract is an agreement, not all agreements are valid contractual obligations. In order for any contract to be an official and legally binding agreement, there are essential requirements which must first be fulfilled. Because contracts are vital to the organization and its success, it is important that the organization has an inclusive understanding of the inner workings of business contract and law and sustaining ethicality within these agreements; this will help ensure that each and every business transaction is a smooth and successful endeavor from beginning to end.
What is a contract, and what makes it valid? According to Essentials of Business Law, by Susan Rogers (2012), a contract is described as being “a legally enforceable agreement between two or more people.” Therefore, a contract emerges from the voluntary consent of two or more people with mutual accordance to enter into this agreement. Contracts are helpful to business, as these agreements are binding to both parties involved. In order for a contract to be a valid and binding agreement there are five fundamental yet essential elements that must be present, and these are: 1. The Offer, 2. The Acceptance, 3. Consideration, 4. Legality, last but not least, 5. Capacity, (S. Rogers 2012). In order for any contract to become a legally enforceable agreement (or in other words a valid contract) it must be one which has met all of these legal requirements. A contract contains an offeror and offeree; the offeror is the individual who makes the business suggestion, or rather an ‘offer’ to another individual-

Similar Documents

Premium Essay

Multiparty Cotracts in E-Business

...into picture, e-business has now become an easy way for interaction between firms and their customers. The Internet era has added a lot of value to the supply chain by helping firms to carry out a cost effective business, transfer of information between companies, suppliers and customers. The impact of e-business on supply chain integration can be seen mainly on four key points: information integration, effective Planning, workflow coordination &new business model. A virtual enterprise is formed when various autonomous companies come together and act as a unit by tightly integrating their business processes by the means of IT & ICT. A contract is an agreement built on the fundamentals of mutual commitment for cooperation, between two or more parties that binds those parties. In a B2B, e-business contract is a formal agreement between a buyer and seller for managing negotiations and validate operations. It is signed to address the issues of fraud and working on specific terms and conditions. It should describe both parties involved, definition of specific terms used in the contract, the jurisdiction under which the contract is valid and enforced, duration of the contract and the terms and conditions for each transaction. Therefore this calls for the need of formal norms for process-oriented contracts and specifies a criteria to form basis for synergy between the private view and public view of a contract on the fundamental lines of open nets & ensures a contract implementation...

Words: 4693 - Pages: 19

Free Essay

Testing

...10 XML Interview questions and answers for Java Programmer by Javin Paul on January 27th, 2013 | Filed in: Core Java Tags: XML XML Interview questions are very popular in various programming job interviews, including Java interviews for web developer. XML is a matured technology and often used as standard for transporting data from one platform other. XML Interview questions contains questions from various XML technologies like XSLT which is used to transform XML files, XPATH, XQuery and fundamentals of XML e.g. DTD or Schema. In this article we will see 10 frequently asked XML Interview questions and answersfrom above topics. These questions are mostly asked in various Java interviews but they are equally useful in other programming interviews like C, C++, Scala or any other programming language. Since XML is not tied with any programming language   and like SQL its one of the desired skill in programmer, it make sense to practice some XML questions before appearing in any technical job interview. XML Interview Questions and Answers Here is my list of some common and frequently asked Interview questions on XML technologies. Questions on this list is not very tough but touches some important areas of XML technologies e.g. DTD, XML Schema, XSLT transformations, XPATH evaluation, XML binding, XML parsers and fundamentals of XML e.g. namespace, validation, attribute, elements etc. Question 1: What is XML ? Answer : XML stands for Extensible Markup language which means you...

Words: 12773 - Pages: 52

Premium Essay

Square Pharmaceutical in Bd

...A MANAGEMENT MODEL FOR A PHARMACEUTICAL CONTRACT RESEARCH ORGANIZATION Submitted by Yvonne Leonie Jacobs In fulfillment of the requirements for the degree of Doctor of Philosophy in the Faculty of Economical Science Department of Business Management University of the Free State Promoter: Prof J A A Lazenby UNIVERSITY OF THE FREE STATE 31 May 2004 A MANAGEMENT MODEL FOR A PHARMACEUTICAL CONTRACT RESEARCH ORGANIZATION ACKNOWLEDGEMENTS It is good to have an end to journey towards, but it is the journey that matters in the end. (Ursula K. le Guin) I want to thank my promoter Prof Kobus Lazenby for his valued support during this journey, guiding me from almost to utmost; Prof Gina Joubert for making a vision becomes reality; George Sabbagha for his linguistic input; and Linda Potgieter for friendship & advice; FARMOVS-PAREXEL for the opportunity to use the organization as a case study; Family and friends for encouragement; and above all to Him, who have never led me where His grace couldn’t keep me. Page ii A MANAGEMENT MODEL FOR A PHARMACEUTICAL CONTRACT RESEARCH ORGANIZATION TABLE OF CONTENTS TITLE PAGE ......................................................................................................................... i TABLE OF CONTENTS ................................................................................................... iii GLOSSARY OF ABBREVIATIONS AND DEFINITIONS ............................................. ix 1. INTRODUCTORY...

Words: 19459 - Pages: 78

Premium Essay

Argentina

...Argentina Introduction Argentina has a population of 33 Million with an ethnic composition of 85 percent European descent, primarily Spanish or Italian. Indians, mestizos (people of mixed Indian and Spanish ancestry), and blacks together make up the remaining 15 percent. The Republic of Argentina is a democracy for now, but has had a long history of military power. Spanish is the official language, although many people speak English, Italian, or other languages. Argentine Spanish is heavily influenced by Italian and is unlike Spanish spoken anywhere in Latin America. Church and state are officially separate, but about 90 percent of the population considers itself Roman Catholic. Jews and Protestants account for 2 percent each. Argentina Fun Fact Argentina is the homeland the 266th Pope of the Catholic Church known as the Bishop of Rome. Jorge Bergoglio, is the first Pope selected from outside Europe in over 100 years and the first from the Americas. He will be known as Pope Francis. The longtime Bishop of Buenos Aires, the new Pope spent the majority of his career at home in Argentina with his roots in the Jesuit Order. As the Cardinal of Buenos Aires, he was known for humility, doctrinal conservatism and a commitment to social justice. Argentina is a country of wide-open pampas and ancient forests, in addition to very sophisticated cities, such as its capital, Buenos Aires. Buenos Aires, has the largest number of Jews in Latin America; they are commonly referred...

Words: 1618 - Pages: 7

Premium Essay

Case Analysis: Managing a Global Team: Greg James

...Sun Microsystems, has found himself in a difficult situation after his teams failed to respond to a customer’s outage. James’s main problems are that his teams have a support system that fails to address emergency situations and that James has poor, inefficient communication with his teams that leads to unhappiness in the workplace. Analysis Sun Microsystems uses a support systems that queues problems for resolution. The situation for HS Holdings went into a queue that is designed to keep track of missing contract numbers. Since there is no queue system for emergencies, it took several hours for anyone of importance to notice the issue. Jamal, the programmer that created the queue system, stated his assignment was to create a queue for accounts with missing contract numbers. Never was Jamal communicated to create a program that dealt with emergencies such as when a client’s servers go down. The problem here is that Sun Microsystems does not have an emergency situation protocol. With a fail proof support system, one that is designed to deal with emergencies, James would not be traveling across the globe to meet with each of him teams. Sun Microsystems also fails from poor and inefficient communications from James to his teams which has caused unhappiness. If this problem is left uncheck, employee morale will decrease and Sun Microsystems could start to see themselves with a high employee turnover. One of the biggest reasons for the poor communications between James and the teams...

Words: 942 - Pages: 4

Premium Essay

Mcbride Financial Services Marketing Paper

... McBride Financial Services is a small scale contract and debt supplier in the Northwestern United States, with sites in Montana, Idaho, South Dakota and North Dakota. McBride’s aim customers are from white collar experts and senior citizens buying first and second houses to families and persons in need of buying recreational venues. With the aspirations in broadening its user range, McBride requires new aims for an advertising tactic. When cultivating a marketing tactic, there are four fundamental procedures in the mechanism. Initially, McBride is obliged to explain and expound their mission. According to the site analyzed, it is necessary that McBride is obliged to furnish their mission in order to initiate. There is a necessity to improve the company’s mission concerning customer assistance and customer contentment. In relation to the phrase "A company’s mission should not focus and revolve around acquiring revenues – they are just the compensation for establishing relationships for users. It must concentrate on user comfort and connections the corporation wanted to establish.” (Armstrong & Kotler, 2011, p 40). The succeeding procedure is utilizing the company’s mission as a protocol McBride decide goal for each department of the company to accomplish the ultimate aim: broadening its user range. McBride will arrange a business document according to the preceding procedures the company shall observe at the latest business to conclude what is effective and ineffective...

Words: 999 - Pages: 4

Free Essay

Outline

... Since upper management isn’t on the ground overseas to do that it is really up to the employees on international assignments to make sure that the decisions they make on what farm to use is the best possible one for the company. Employees on international assignments must also have excellent communication with upper management located in the United States. The reason for this being that both sides need to be on the same page so that there is no confusion in order to eliminate costly errors. Galleria Farms has had logistical failures in the past that has cost them millions of dollars because of spoiled product. This was due to employees on international assignments not being clear on when the shipment would be delivered. In the flower business it is pertinent that the flowers always be kept in a cooler at a certain temperature from the minute it...

Words: 704 - Pages: 3

Free Essay

Title

...History and Development of the Internet The origin of the Internet can be traced to the launch of the first artificial earth satellite. In 1957, the USSR, successfully launched Sputnik, and the United States of America responded with ARPA. The Advanced Research Projects Agency was started by the Department of Defense to establish US supremacy in science and technology applicable to the military. And it was within ARPA that the seed for today's Internet was sowed. The Internet, broadly described as having a world-wide broadcasting capability, being a mechanism for information dissemination, and a medium for collaboration and interaction between individuals and their computers without regard for geographic location, has its origins in packet-switching technology. In 1961, Leonard Klienrock presented the first paper on packet-switching. The concept of being able to transfer data in packets is the very core of the Internet. During the early sixties, J.C.R. Licklider and W. Clark talked about a "Galactic Network" concept. Licklider envisioned a globally interconnected set of computers through which everyone could quickly access data and programs from any site. Much like what the Internet is today. Around 1962, in a US Governmental agency RAND, Paul Baran was given the task of creating a super resilient network, which would allow the US army to communicate, and retain control over its missiles and bombers, in the event of a nuclear attack. His final proposal was a packet-switched...

Words: 2069 - Pages: 9

Premium Essay

Nt1210 Unit 3 Assignment 1

...The physical layer sits just below the data link layer. 6. B. IEEE D. ANSI 7. D. To keep intellectual property rights to the technology inside the company 8. B. IP is a network layer protocol. 9. B. TCP/IP 10. B. The lower four layers of TCP/IP define the same kinds of functions as the matching layer numbers from OSI. 11. C. The PCs use two wires to create a circuit to send data from PC1 to PC2. 12. B. Ethernet defines MAC addresses, but when used in a TCP/IP network, it does not use the addresses, instead relying on IP addresses. 13. D. Datagram 14. B. Can be written in DDN format D. Used by routers to make a forwarding decision 15. A. 48 bits in length 16. A. LANs generally connect devices that are nearer to each other, compared to WANs. D. LANs are purchased, and WANs are leased. 17. B. Two TCP/IP data-link protocols are Ethernet and PPP. C. Data-link protocols define addresses that identify devices connected to the underlying physical link. 18. D. None of the answers is correct. 19. D. None of the answers is correct. 20. A. Data-link header B. Network layer header C. Transport layer header TCP/IP network: Short for Transmission Control Protocol/Internet Protocol....

Words: 699 - Pages: 3

Free Essay

English 407a

...career change and guarantee that my work will exceed your expectations. Here is how my experience and skills meet your requirements: My personal qualities combined with my diverse experience in promoting will contribute to not only the facility but to enhance the customer’s experience with in this business. My communication skills combined with my performing experience and marketing ethics are a perfect match for this self-motivated position. This enclosed resume outlines my experience and skills. I look forward to taking the next steps with you. I appreciate your consideration! Sincerely, Alexander O'Brien 702-752-5608 obrienzion@gmail.com Alexander O'Brien | obrienzion@gmail.com Tel: 702-752-5608 | | Qualifications  ·         Promoting experience | ·        Customer service expert | ·         Marketing experience | ·         Public speaking experience | ·        Professional musician | ·         Computer experience | | | | Experience Flyboard Las Vegas, Lake Las Vegas, Nevada 89011 (Aug 2014- Present) Market Researcher/ Equipment Technician/ Instructor -Creating promotional opportunities, liable contract regulations, media coverage and online marketing - Extensive public speaking, including instructing large tour groups in fly board maneuvers -Strategic detail & maintenance on Jet skis fly board equipment & safety equipment Ez...

Words: 369 - Pages: 2

Premium Essay

Who Pays for the Internet?

...OVERVIEW The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite (TCP/IP) to serve billions of users worldwide. It is a network of networks that consists of millions of private, public, academic, business, and government networks, of local to global scope, that are linked by a broad array of electronic, wireless and optical networking technologies. The Internet carries an extensive range of information resources and services, such as the inter-linked hypertext documents of the World Wide Web (WWW) and the infrastructure to support email. Most traditional communications media including telephone, music, film, and television are being reshaped or redefined by the Internet, giving birth to new services such as Voice over Internet Protocol (VoIP) and Internet Protocol Television (IPTV). Newspaper, book and other print publishing are adapting to Web site technology, or are reshaped into blogging and web feeds. The Internet has enabled and accelerated new forms of human interactions through instant messaging, Internet forums, and social networking. Online shopping has boomed both for major retail outlets and small artisans and traders. Business-to-business and financial services on the Internet affect supply chains across entire industries. [1] WHO PAYS FOR THE INTERNET? One of the greatest things about the Internet is that nobody really owns it. It is a global collection of networks, both big and small. These networks...

Words: 616 - Pages: 3

Premium Essay

Learning-Guide

...Learning Guide INFS2233 Foundations of Electronic Commerce UQ Business School Faculty of Business, Economics and Law St. Lucia Campus Semester 1, 2009 Any student with a disability who may require alternative academic arrangements in this course is encouraged to seek advice at the commencement of the semester from a disability adviser at Student Support Services. Authors Dr Chris Manning Dr Marta Indulska Dr Dongming Xu Updated by Dr Paul O’Brien Produced by the Teaching and Educational Development Institute, The University of Queensland www.tedi.uq.edu.au Copyright materials contained herein have been reproduced under the provisions of the Copyright Act 1968, as amended, or with the permission of the copyright owner. This material may not be reproduced in any manner whatsoever except for the purposes of individual study. University Provider Number 00025B © The University of Queensland contents Contents Module 1 Introduction to electronic commerce Objectives Basic elements of electronic commerce (EC) 1 1 3 Differences between electronic commerce and traditional commerce 5 New ways of doing business with electronic commerce History of electronic commerce (EC) Planning an e-commerce project Legal, ethical and international issues Case study guidelines 6 8 10 10 11 Module 2 Business decision-making and planning for electronic commerce 17 Objectives Planning an e-commerce project Economic models Competitive advantage and electronic marketplaces...

Words: 38720 - Pages: 155

Free Essay

Web Server Paper

...are also included throughout and contain explanations of how they are used. WSDL, SOAP and UDDI roles will be explained as well along with what exactly each of them has to do with the significance of Web services. Web Services Web Service, software that is used to change protocols into web site applications. This is what is known as the basic development of different applications used for business and internet users around the world. Web servers control the applications while using the web set up that helps with the contact. Web servers are very important due to the simple fact that they provide tools for the application of code which then is able to implement and maintain any and all applications that are provided. On the other hand the Web Service architecture is also very important for web services such as data delivery, standard protocols along with the registration of the Web Services. In order to have proficient web service the user has to register with the Universal Description, Discovery, and Integration (UDDI). UDDI can help companies produce and enlarge their name, in other words other companies, businesses and people can find out about and get to know the business. Web services have additional advantages which can and does include allowing service providers functionality, therefore not having a problem with any platform that they would like to use to display information. Web Services Description Language (WSDL) as well as Universal Description...

Words: 1202 - Pages: 5

Free Essay

Legal Research Paper

...hired as a Validation Contractor by Genpharm in January of 2011. At that time, he had signed a contract with Genpharm specifying that he is being hired as an independent contractor for the term of the project related to their Laboratory Information Management Software (LIMS). Contract also specified that he will be paid bi-weekly at the hourly rate of $50/hr without any benefits such as medical, dental, paid sick, vacation and holidays and will not be compensated for overtime. In addition, either party could terminate their relationship upon a two-week notice or breach of contract. Deepak had to report on-site at Genpharm and was expected to work from 9 a.m. to 5 p.m. There was no disciplinary action in the event he failed to do so. After Deepak was hired, he had to train on standard operating procedures related to safety, good manufacturing practices, and good documentation practices per ISO and OSHA regulations. He was provided a laptop by Genpharm to perform his duties related to the project because he would require VPN access in order for him to access Genpharm’s network offsite. Company’s policy prohibited such access on personal laptops for security reasons. He was also provided other necessary office supplies such as pens, notebooks, staplers etc. He received guidelines from the project manager on what documents he will need to write and what validation protocols he will need to execute. The project manager only provided guidance; Deepak was free to choose how...

Words: 1956 - Pages: 8

Premium Essay

Abc Steel

...recovers its losses III. AREAS OF CONSIDERATION Strengths | Weaknesses | 1. One of the country’s largest producers of fabricated steel products 2. Producer of top quality steel products | 1. Paying penalties of Php 50000/day for non-fulfillment of contracts 2. Production control; schedules drawn up improperly 3. Projects failing due to:a. Unrealistic targetsb. shifts in manpower requirements were not anticipatedc. no constant follow-up policiesd. machine scheduling was poor4. shortage of skilled workers5. discipline problem of workers (insubordination)6. perceived lack of management expertise in Robert Cruz, new Shop Manager7. lack of structure and regard to authority | Opportunities | Threats | 1. | 1. Top Management decision not to accept future business | IV. ASSUMPTIONS No assumptions. V. ALTERNATIVE COURSES OF ACTION ACA 1: Enforce Performance Management procedures and protocol to monitor worker output ACA 2: Better management of Personnel through trainings and seminar ACA 3: Layout a workable production control for better and smoother operations VI. ANALYSIS | Advantages | Disadvantages | ACA 1: Enforce Performance Management procedures and protocol to monitor worker output | a. Serves as an eye opener to employees on where they actually stand on the eyes of the management b. Can serve as basis for future rewards and incentives | a. Optimum results...

Words: 444 - Pages: 2