QUESTIONS WITH COMPLETE
ANSWERS
Contract aa- aaAnswer aaagreement aabetween aa2 aaor aamore aaparties aacreating
aaobligations aathat aaare aaenforceable aain aacourt aaor aaotherwise aarecognizable aaat
aalaw.
What aaquestions aashould aayou aaconsider aaabout aacontracts? aa- aaAnswer aaIs
aadocument aaemployer aaor aaemployee aafriendly? aaWhat aais aaeffective aaduration
aafrom aathe aaemployee's aapoint aaof aaview? aaHow aamuch aadiscretion aahas aathe
aaemployer aaretained? aaWhat aamay aabe aathe aaworst aaprovision aafor aathe aaemployee
How aais aaa aaconsulting aaagreement aadifferent aafrom aaan aaemployee aaagreement? aa-
aaAnswer aaamount aaof aacontrol, aacompensation aaand aabenefits, aaduration aaof aathe
aarelationship, aanature aaof aathe aawork.
Right aato aacontrol aa- aaAnswer aawhether aathe aaemployee aahas aacontrol aaof aathe
aamanner aain aawhich aathe aawork aais aato aabe aadone aaor aasimply aaresponsibility aafor
aaa aagiven aaresult
Factors aain aalegal aadistinction aabetween aaindependent aacontractor aaand aaemployee
aa- aaAnswer aa1. aaright aato aacontrol
2. aaterms aaof aaagreement
3. aanature aaof aathe aawork aaor aaemployee's aa"occupation" aaincluding aathe aaskill
aarequired aafor aaperformance aaand aawhether aathe aaemployee aais aaengaged aain
aadistinct aaoccupation aaor aabusiness. aa
4. aaWhether aaemployee aasupplies aaneeded aatools/equipment
5. aawhether aapayment aais aaby aahour aaor aajob
6. aawhether aawork aais aapat aaof aaregular aabusiness aaof aathe aaemployer
7. aawhether aathe aaemployer aahas aathe aaright aato aaterminate aathe aaemployment aaat
aaany aatime.
Essential aaElements aaof aaa aaContract aa- aaAnswer aa1. aaOffer aa& aaAcceptance
2. aaConsideration
3. aaCompetent aaParties
4. aaReality aaof aaConsent
5. aaLegal aaPurpose
,what aais aait aacalled aawhen aayou aabreak aaa aacontract? aa- aaAnswer aabreach aaof
aacontract
types aaof aacontracts aa- aaAnswer aawritten, aaoral, aaimplied aa(quasi)
Contract aaIssues aa- aaAnswer aa-lack aaof aamutual aaassent
-illegal
-do aanot aahave aamental aacapacity
-coercion
-fraud
-statute aaof aafrauds
-parole aaevidence aarule
parol aaevidence aarule aa- aaAnswer aaA aasubstantive aarule aaof aacontracts aaunder
aawhich aaa aacourt aawill aanot aareceive aainto aaevidence aathe aaparties' aaprior
aanegotiations, aaprior aaagreements, aaor aacontemporaneous aaoral aaagreements aaif
aathat aaevidence aacontradicts aaor aavaries aathe aaterms aaof aathe aaparties' aawritten
aacontract.
Statute aaof aaFrauds aa- aaAnswer aaA aastate aastatute aaunder aawhich aacertain aatypes
aaof aacontracts aamust aabe aain aawriting aato aabe aaenforceable.
breach aa- aaAnswer aafailing aato aaperform aaany aaterm aaof aaa aacontract, aawritten aaor
aaoral, aawithout aaa aalegitimate aalegal aaexcuse; aaDamages aamay aabe aaawarded:
aaexpectation, aaliquidaded, aaconsequential, aapunitive
expectation aadamages aa- aaAnswer aaactual aadamages, aacompensation aafor aaactual
aalosses
liquidated aadamages aa- aaAnswer aaA aacontract aaprovides aaa aaspecific aaamount aato
aabe aapaid aaas aadamages aain aathe aaevent aaof aafuture aadefault aaor aabreach aaof
aacontract.
Consequential aaDamages aa- aaAnswer aaSpecial aadamages aathat aacompensate aafor aaa
aaloss aathat aais aanot aadirect aaor aaimmediate aa(for aaexample, aalost aaprofits). aaThe
aaspecial aadamages aamust aahave aabeen aareasonably aaforeseeable aaat aathe aatime
aathe aabreach aaor aainjury aaoccurred aain aaorder aafor aathe aaplaintiff aato aacollect aathem;
aausually aanot aaawarded.
Resident/Intern aaContract aaIssues aa- aaAnswer aawritten aais aabest, aaespecially aaif
aalonger aathan aaan aahour. aarestrictions aafor aaspecification aaof aahours aaare aabest. aaW-
2 aais aabest aabecause aacertain aabenefits aaare aapossible. aaTerm aashould aabe aadefined
aa(july aa1-June aa30).
stipend aa- aaAnswer aapayment aaof aaliving aaexpenses aaduring aaconsideration
, Pre-Employment aaissues aa- aaAnswer aa1. aapre-existing aarestrictions aaon aacandidate?
2. aacompliance aawith aacommon aalaw aaobligations aato aaformer aaemployers?
3. aarequired aaskills
4. aahave aathe aachemistry?
5. aais aathe aacandidate aawilling aato aaenter aainto aaa aacovenant?
Typical aaTerm aain aaEmployment aaContracts aa- aaAnswer aa-term aaof aaemployment
-capacity/duties/authority
-location aaof aawork
-compensation
-benefits
-stock aa
-termination aaprovisions
convenants aa- aaAnswer aapromises, aalegally
indemnification aa- aaAnswer aaprotection aain aacase aaof aalawsuit; aawho aawill aapay
aadamages
choice aaof aalaw aa- aaAnswer aawhat aastate aalaw aawill aaapply aaif aaa aalawsuit aaensues
integration aaclause aa- aaAnswer aamerger aaclause, aaprevents aasaying aathat aacontract
aadoes aanot aareflect aatheir aaunderstanding, aais aanot aaconsistent aawith aaprior
aaagreements aaor aacannot aabe aachanged aaby aalater aaparty
ADR aaprovision aa- aaAnswer aaHow aawe're aagoing aato aaresolve aadisputes; aafor
aaexample, aaarbitration
arbitration aa- aaAnswer aasettling aaa aadispute aaby aaagreeing aato aaaccept aathe
aadecision aaof aaan aaimpartial aaoutsider; aacompliance aato aaarbitration aais aapart aaof
aathe aaADR aaProvision
notice aaprovision aa- aaAnswer aahow aainfo aais aadelivered aab/w aaparties aato aathe
aacontract
409A aa- aaAnswer aadefers aacompensated aaplans; aaemployee aahas aabinding aaright aato
aaan aaamount aabut aain aawhich aatax aayear aait aais aagiven/applied aato aais aaspecified
Incapacity aa- aaAnswer aafamily aamedical aaleave aaact aaand aaamericans aawith
aadisabilities aaact aamay aaprovide aaprotections aaagainst aathis; aatermination aaprovision
termination aafor aacause aa- aaAnswer aajob aaloss aathat aaoccurs aawhen aaan aaindividual
aais aafired aafrom aaan aaorganization aafor aaa aaparticular aareason; aathe aaindividual aahas
aausually aabeen aawarned aaone aaor aamore aatimes aaabout aaa aaproblem aaand aaeither