2LC Business Contracts and Employee Agreements by Andrés Zambrano Padilla https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt IV Curso "B" - Emilio Estrada, Martín Taracena and Andrés Zambrano (Group 7 B) en-us 2023-09-04 13:27:32 UTC 2023-09-05 16:47:45 UTC hello@padlet.com https://padlet.net/icons/png/1f5c3.png What is Business Contract? EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683438561 Business contracts are mutual agreements between two, three or more parties, that when it is signed, it states the legal obligations for each of the parties. ]]> 2023-09-04 13:38:11 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683438561 1. General Business Contracts EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683458035 This kind of contract refers to the legal agreements that involves a company or entrepreneurship internally. There are several terms that make a General Business Contract, such as:
  • Partnership agreement: where it states the relationship between parties and their stakes in the company.
  • Indemnity Agreement: where it protects each party from legal damages.
  • Nondisclosure agreement: where it states the legal repercussions if any information leakeage gets to happen.
  • Property and equipment lease: where it states the clauses for real state or mechanical equipment leasing.
]]> 2023-09-04 13:56:46 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683458035 What is an Employmee Agreement? andreszambranopadilla https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683463660 An Employee Agreement is a contract that include the terms and details of the job. It covers all employee relationships and gives legal protection to both sides. When both sides know their obligations, a better cooperation and experience is achieved.]]> 2023-09-04 14:02:34 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683463660 2. Bill of Sale EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683463836 Is a sale agreement that states the transfer of a real state property or machinery from one party to another. This kind of contract states how much will be paid for the property, when the contract will take action, among other details.]]> 2023-09-04 14:02:47 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683463836 3. Employment Agreement EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683469406 An Employee Agreement is a contract that include the terms and details of the job. It covers all employee relationships and gives legal protection to both sides. When both sides know their obligations, a better cooperation and experience is achieved. If something goes wrong, they have the agreements in writing as backup to enforce their rights.]]> 2023-09-04 14:07:28 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683469406 1. General Employment Contract EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683473234 This is the traditional business contract, you sign when you get a new job. In this contract you will find the terms and conditions of the job position.]]> 2023-09-04 14:10:56 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683473234 2. Independent Contractor Agreement EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683473841 In this type of contracts, an independent contractor offers a service to a company to make an agreement. The contractor work for the business for a determined time or until the task is completed.]]> 2023-09-04 14:11:34 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683473841 3. Noncompete Agreement EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683474190 This types of contracts are clauses that determine the time an employee has to wait to "compete" against a business one time they leave or are fired from the job position.]]> 2023-09-04 14:11:54 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683474190 When do we use Business Contracts? EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683654907 Generally the business contracts are used when someone is hired for a job position. In that document appears the terms and conditions of the job.]]> 2023-09-04 17:48:18 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683654907 When do we use Employee Agreements? EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683655324 If something goes wrong, they have the agreements in writing as backup to enforce their rights.]]> 2023-09-04 17:48:57 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2683655324 4. Licensing Agreement EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2684251272 This kind of contract allow the inventor or owner of pattent to allow other parties to make use of their product. Stating a royalties or a percentage of profit.

Example: Students at Liceo Javier develop and pattent a new product. A company is interested in profiting from the product pattented so they  sign a mutual agreement with between both parties, the owner of the pattent, and the company who wants to make use of it.

]]> 2023-09-05 04:40:45 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2684251272 5. Promissory Note EmilioEstrada9560 https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2684252176 This kind of contract allows one of the parties to lend a certain amount of money, to another party. Stating how much money is it going to be lend, the interest rates, the monthly payment, and late fees.

Example: If the students of Liceo Javier need money to start their business, they can borrow money, making a promissory note to legally borrow and repay the loan in the future.]]> 2023-09-05 04:41:28 UTC https://padlet.com/andreszambranopadilla/r7zkah6gk8yxy2lt/wish/2684252176