Elements and Terms
This training identified this many elements for an Indirect contract.
What is 4?
A party hired by the Supplier to perform some of the Services for Whirlpool.
What is a Subcontractor?
Who is Lisa Chaddock?
This team member is from the east coast, but moved to Michigan from the west coast to join Whirlpool.
Who is Christi Reed?
It is the missing required contract element from this list: (1) a particular service level or amount of the services, (2) the Whirlpool location where the services will be performed, and (3) the price.
What is a description of the Services?
The minimum number of parties to a contract.
What is 2?
It is an agreement where the parties agree to keep information shared between them secret.
This team member suggested that the group go ax throwing for fun.
Who is Belle Pereira?
It is a promise by a Supplier that the Services will be of a particular quality.
What is a Warranty?
The most important reason to make sure you name the correct parties in the contract is to ensure the parties can _________________.
What is enforce their rights?
The party or parties required to sign a 1-way NDA.
The only member of the team who does not currently reside in Michigan.
Who is Bill Siderits?
It is a security or protection against a loss or other financial burden, which should not typically be negotiated in Whirlpool contracts.
What is Indemnity?
Under the corporate commitment of authority policy, this level of authority is needed to bind Whirlpool for contracts entered in the ordinary course of business.
What is VP level or above?
Sharing of confidential information should be limited only to these individuals.
Who are only those who need to know the information?
This team member was in private practice in North Dakota prior to joining Whirlpool.
Who is Jillian Rupnow?
In order for one party to claim a breach of contract against another party, this must exist.
What is privity of contract?
Whirlpool issues a PO for services. Supplier returns an Order Acknowledgment with materially different terms. Whirlpool does not object. Supplier performs. In the event of a dispute, ___________'s terms will likely apply according to the _________________.
What is Supplier's terms will likely apply according to the Last Shot Rule?
NDAs protect ___________, but not ___________.
What is existing information, but not new ideas or IP?
These 2 team members either currently or previously worked on the Patent Team, in addition to working for GSS.
Who are Ben Frey and Lisa Chaddock?