contracts and intellectual property exercise
DESCRIPTION
PhoenixMBA 2015 (new)TRANSCRIPT
Contracts and Intellectual Property Exercise
Team B
LAW/531
November 2nd, 2015
Andrew Van Ness
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Contracts and Intellectual Property
Contracts, which are legally enforceable promise or set of promises, ensures understanding
between the parties (Mallor, J., Barnes, A., Langvardt, A., Prenkert, J., McCrory, M.). The
purpose of Dispute Resolution Clauses is to provide mediation and arbitration as ways of
resolving any disputes. It also provides certainty by defining the process prior to a dispute, after
which agreement becomes more problematic (2013). In agreement to Landlord and Tenant
dispute resolution, mediation will be conducted as a first source to resolve any disputes.
Dispute Resolution (Clause)
7. DISPUTE RESOLUTION: Except for claims specified under paragraph 2
hereunto, LANDLORD and TENANT agree to submit any and all claims of
controversies and disputes between TENANT and LANDLORD; arising out of or
relating to the Premises, this Lease, or the parties’ performances due hereunder,
to mediation prior to arbitration pursuant NRS 38.250(1)(a) and Nevada Rules of
Civil Procedure.
(a) LANDLORD and TENANT agree to maintain all communications made
at such mediation in the strictest confidence between themselves and their
counsel, unless otherwise required to disclose same pursuant to applicable
law. The mediator for any such mediation shall be a Nevada certified circuit-
civil mediator and also Board Certified by The Nevada Bar in Business
Litigation or Real Estate Law.
(b) Mediation shall be conducted within thirty (30) days from the date any
such claim, controversy, or dispute is declared in writing to exist by any party
to the opposing party.
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7.1 WAIVER OF JURY TRIAL: TO MINIMIZE LEGAL EXPENSES AND, TO
THE EXTENT ALLOWED BY LAW, YOU AND WE AGREE THAT A
TRIAL OF ANY LAWSUIT BASED ON STATUTE, COMMON LAW,
AND/OR RELATED TO THIS LEASE CONTRACT SHALL BE TO A
JUDGE AND NOT A JURY.
Legal Issues Regarding Clause
There is a term known as landlord-tenant law. This governs the relationship between
landlord and tenant for the purpose of residential rental of property. A certain number of states
have a statutory law or called the Uniformed Residential Landlord and Tenant Act or the Model
Residential Landlord Tenant Code. On the federal side, the government may step in during
national or regional emergency situations to prevent discrimination.
The ground for this relationship is based on contracts and property laws. In a renter’s case,
they have property interest during their time of stay. The length of the stay can be month to
month or annual and can be terminated at any time by either party. If residing for a year or more,
tenants have the right to restrict others from entering. There are also many housing codes
landlords have to abide by. According to “Landlord-Tenant Law” (N.D.), “The landlord-tenant
agreement is normally embodied in a lease. The lease, though not historically or strictly a
contract, may be subject to concepts embodied in contract law.”
Here are a few examples of legal situations that may come about. Landlords using old lease
forms that are outdated. Old forms may have laws that are not applicable anymore.
Unenforceable clauses may be included that violate certain renters rights. Landlord rights and
obligations may also not apply to current standards. Failure to return security deposits. Some
states have deadlines for landlords to return deposit to renters. If the deposit is not returned,
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leases may find out how small claims court looks like paying three times the original amount.
Asking improper questions to tenants during the background screening process may get you in
legal trouble. Certain questions (i.e. like are you an alcoholic?) may bring a discriminatory case
against you. Making broken promises is another scheme. According to Mukherji (2013),” In
some cases, if you don't keep your promises, your tenant can legally break the lease and sue you
for the difference in value between what was promised and what was delivered.” Marketing a
parking space or anytime use of a pool to make your property more attractive can get you in a
legal battle if that is what is written in a contract. Some property owners make promises they
can’t keep. Setting more than necessary late fees is something courts are cracking down on. If
the late fees are inappropriate for actual damages caused, you may be sued in court. The best
approach is to give a pay or quit notice for late payers. The issues mentioned are issues that can
be prevented with the right guidance.
Conclusion
Many business contracts suggests mediation and arbitration as a way to resolving
disputes. As drafted in the contract as a dispute resolution clause, all parties are in agreement to
maintain all communications made at such mediation in the strictest confidence between
themselves and their counsel. Mediation shall be conducted within thirty (30) days from the date
any such claim, controversy, or dispute is declared in writing to exist by any party to the
opposing party.
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References
Mukherji, A. (2013, April). 5 Legal Issues for LandLords. Law & Daily Life.
Landlord-Tenant Law. (N.D.). WEX, . Retrieved from https://www.law.cornell.edu/wex/landlord-tenant_law
Business Law. The Ethical, Global, and E-Commerce Environment. (Mallor, J., Barnes, A., Langvardt, A., Prenkert, J., McCrory, M.). Sixteenth Edition.
Drafting Dispute Resolution Clauses. (2013). Retrieved at https://www.adr.org/aaa/ShowPDF?doc=ADRSTG_002540
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