Real Property or Intellectual Property the corporation

Your team report should detail the types of contracts the corporation executes on a

regular basis and the Real Property or Intellectual Property the corporation holds.

Be sure to cite any court cases related to contract issues the company had in the recent

past.

Outline.

A. Types of Contracts-

a. Bill of Sale-Sabria

b. Employment Agreement- Joanna

An employee agreement is a formal agreement that specifies the conditions of

Employment Opportunity Commission (EEOC). The three employees stated that

Sears terminated them from their positions due to their age or their opposition to

age discrimination. After the lawsuit was filed and brought to court Sears argued

that “arbitration of their claims pursuant to the Federal Arbitration Act (FAA).

Sears contends that all three plaintiffs signed an arbitration agreement that

contained a collective action waiver”(n.d.Leagle). The court granted Sear’s the

motion to compel arbitration against the Plaintiffs. The case is still ongoing and

pending a settling date for the trail on whether the plaintiffs enter into an

agreement to arbitrate their claims.

c. Licensing Contract- Joanna

A licensing contract is an agreement of two parties which are known as the

licensor and the licensee. In a typical licensing agreement, the licensor grants the

licensee the right to produce and sell goods, apply a brand name or trademark,

or use patented technology owned by the licensor. In exchange, the licensee

usually submits to a series of conditions regarding the use of the licensor’s

property and agrees to make payments known as royalties.

d. Nondisclosure Agreement–Lauren

d. Promissory Note- Tracy

B. Corporation Holds-Craftsman and Kenmore- virginia