With respect to employment contracts, the term "obsolescence" refers to a contract that: fails to meet the minimum requirements of the ESA no longer reflects the realities of employment relationship prevents a former employee from competing with their former employer within a reasonable time period and geographical distance does not contain consideration

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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With respect to employment contracts, the term "obsolescence" refers to a contract
that:
fails to meet the minimum requirements of the ESA
no longer reflects the realities of employment relationship
prevents a former employee from competing with their former employer within a reasonable time
period and geographical distance
does not contain consideration
Transcribed Image Text:With respect to employment contracts, the term "obsolescence" refers to a contract that: fails to meet the minimum requirements of the ESA no longer reflects the realities of employment relationship prevents a former employee from competing with their former employer within a reasonable time period and geographical distance does not contain consideration
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