Express employment contracts in a close corporation after Nagy v. Riblet Products, Inc.: to put them in writing or not to put them in writing, that is the question
Article Abstract:
The Delaware Supreme Court showed in the Riblet Products Corp. v. Nagy ruling that even in close corporations shareholders' and employees' rights are even completely separate. The court ruled that the fiduciary duties owed by majority to minority stockholders are not implicated when the issue involves the rights of such a stockholder qua employee under the labor contract. The court ruled that the employment contract governed when the stockholder pursued his contractual rights as an employee.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
An analysis of tying arrangements in franchising contracts
Article Abstract:
The Eastern District of Pa. court's decision in Queen City Pizza, Inc. v. Domino's Pizza, Inc. provides the appropriate framework for interpreting franchise contracts. The court held the proper analysis of franchise contracts should focus on the time prior to the parties contracted. This approach assesses the competition existing prior to contracting and examines the franchisees awareness of purchasing requirements incorporated into tying contracts.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Arbitration clauses in consumer contracts of adhesion: fair play or trap for the weak and unwary?
Article Abstract:
Arbitration clauses in consumer contracts of adhesion need to be governed by laws based on theories of fair play or cooperation, as the unconscionability doctrine that currently regulates them does not adequately protect consumers. Such clauses, however, are and should be considered as binding as any other part of a contract. The laws regulating such clauses and there strengths and weaknesses are discussed in detail.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Prop. Regs. explain S corporation passthrough rules. Prop. regs. explain when distribution of controlled stock is tax free
- Abstracts: Young people and employment in Italy: The (Difficult) transition from education and training to the labour market
- Abstracts: Allocation of defense costs when there are uninsured periods: yet another confusing aspect of asbestos and other insidious disease litigation
- Abstracts: Is Delaware still a have for incorporation? A straight forward, clarifying, statutory interpretation of Section 220(b) and (c)
- Abstracts: Why competition won't cure America's health-care ills. Sexual harassment: trust and the ethic of care. Lost in America: jobs and trust