Business Law Essay Example | Topics and Well Written Essays - 750 words - 13

Business Law - Essay Example Clearly, the absence of a written partnership agreement between Jamie and Joe/Jack does not negate the fact that they both entered into a partnership agreement. Its existence may therefore be inferred from other grounds such as entering into business contracts with third parties in the name of or in representation of the partnership. Having established the existence of a partnership agreement between Jamie and Joe/Jack, the latter is liable for the funds as well as the other assets of the partnership, with special mention (Last Name) 2 of Jamie’s trademark and special design processes which Joe/Jack sold to clients without the consent and/or knowledge of Jamie. Section 404 Paragraph b of the Uniform Partnership Act of 1997 clearly states that, â€Å"(b) A partner’s duty of loyalty to the partnership and the other partners is limited to the following: (1) to account to the partnership and hold as trustee for it any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use by the partner of partnership property, including the appropriation of a partnership opportunity; (2) to refrain from dealing with the partnership in the conduct or winding up of the partnership business as or on behalf of a party having an interest adverse t o the partnership; and (3) to refrain from competing with the partnership in the conduct of the partnership business before the dissolution of the partnership.†

H.W Assignment Example | Topics and Well Written Essays - 250 words - 5

H.W - Assignment Example For managers, allowing employees to work in teams influences the success of the organization, but this also requires the application of work design as a way of fostering high productivity for the same. Therefore, it is imperative for managers to innovate ways that can help in improving team performance for the benefit of the organization and the target market that they serve. One way of a manager can improve team performance can be through the fostering of cohesion within the team by making sure that they treat them fairly and without any bias. Further, providing of equal opportunities to all can also influence team performance as it helps in drawing out the best nof each team member for the benefit of the organization. Motivation is also another way that a manager can use for influencing team performance by providing bonuses to those that perform extraordinarily, which can also influence other team members to be better. As the team leader, the first step would be to allow each of the six team members to provide their ideas on which of the recommended software is the best and also allow them to provide reasons for them supporting or not supporting this software. Therefore, my plan would be to assign each of the team members to research on the possible software that the insurance company is likely to purchase and allow them to gather information on the merits and demerits of each of these. This would help each of the team members to participate in the process and allow each of them to contribute fairly rather than shooting the ideas of each other down. The least effective team that I have ever worked with is that which recommends things to be done as this does not see through that the ideas that they provide are implemented. One characteristic that this team had was that its only involvement was in the planning and research process of product or