Case s ummary: Person GF joined an university KS as a head coach for men’s basketball team with a five-year contract with a salary of $ 300,000. In case of breach of contract by GF, he will be liable to pay liquidity damages that will be equal to the salary received by him, multiplied by the number of years remaining for the expiry of the contract. GF left the college four years before the termination of the contract. GF joined another university B at a salary of $ 700,000. University KS filed a suit in Ohio state court against GF. The court enforced the liquidity damages clause and awarded the university $ 1.2 million. GF appealed arguing that the liquidity damage clause was an unenforceable penalty. To e xplain: The impact of the record of the basketball team on the decision of the court.

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Please original work Background information: There is a wide range of franchises. A typical process for choosing a franchise might include the following steps: Get general information on the franchise and on the firm by requesting a packet from the franchisor. Investigate the Uniform Franchise Offering Circular. This is a document required from all franchisors. It should have information on: The history of the franchise, its officers, and directors A list of all costs and fees The obligations of all parties A list of relevant litigation The success rate of units in the system Audited financial statements A list of existing franchisees A copy of actual franchise agreement Call and visit existing franchisees other than those suggested by the franchisor to see what their experience is. Examine the nature of supports given: Training programs Opening support Marketing programs Relations between franchisor/franchisee Actual level of investment Chosen Franchise: The UPS Store What…

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Chapter 13, Problem 4CT

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Case s ummary: Person GF joined an university KS as a head coach for men’s basketball team with a five-year contract with a salary of $300,000. In case of breach of contract by GF, he will be liable to pay liquidity damages that will be equal to the salary received by him, multiplied by the number of years remaining for the expiry of the contract. GF left the college four years before the termination of the contract. GF joined another university B at a salary of $700,000. University KS filed a suit in Ohio state court against GF. The court enforced the liquidity damages clause and awarded the university $1.2 million. GF appealed arguing that the liquidity damage clause was an unenforceable penalty.

To e xplain: The impact of the record of the basketball team on the decision of the court.

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