Daniel works for Papers R Us and signs an employment contract which stipulates a salary of $80,000
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Question:
a)Explain the procedures that could use to annul the original contract in the scenario
b)Outline the procedures you could use to annul the original contract and substitute it with the new employment contract paying $100,000. (Tips: Consider the equitable remedy of injunction)
Six months later, Daniel decides to leave the firm and start up his own business. He has been poaching clients from Papers R Us for his own business. He made an unauthorised download of the client list and made a copy of a trade secret. When employed at the firm Daniel signed a clause which prevented him setting up or working from a competitor.
c)The remedy sought by Papers R Us from Daniel is an injunction. Explain the equitable remedy of injunction.
d)Why is an injunction the most suitable remedy in this instance?
e)Explain how an injunction is sought and applied by the courts.
f)An additional remedy Papers R Us could pursue is specific performance. Explain what specific performance is and the procedures that would need to be followed to apply this remedy.
g)Explain why specific performance may not be suitable in this case.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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