Essentialia The contract of employment is an agreement between two parties in terms of which one party (Mr. Phage) places his labour potential at the disposal and under the control of the other party (Lifeline services)‚ in exchange for some form of remuneration. From this definition‚ it is clear that the essentialia of a contract of employment are 1. Work and 2. Remuneration. This contract does not meet the requirement for work because even though an ambiguous job title of ‘General Worker’
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Six Sigma Some say‚ Robert Galvin invented Six Sigma in the 1880’s‚ instead‚ he applied methodologies that had been available since the 1920’s developed by luminaries such as: Shewhart‚ Deming‚ Juran‚ Ishikawa‚ Ohno‚ Shingo‚ Taguchi‚ and Shainin. The idea behind Six Sigma is you can measure how many defects you have in a process‚ you can systematically figure out how to eliminate them and as close to zero defects as possible. We use this highly disciplined Six Sigma process to help us focus
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A type of contract‚ a legally binding agreement between two parties to do a certain thing‚ in which one side has all the bargaining power and uses it to write the contract primarily to his or her advantage[1]. Breach of Contract Common Breaches of Contract When any contract is made an agreement is formed between parties to carry out a service and payment for that service. If one of the parties fails to carry out their side of the agreement then the party can be said to be in breach of contract
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Introduction to Six Sigma "Six Sigma" is the method of quality management which aims at achieving "six sigma". This method was introduced by Motorola in the 80’s. Nowadays it is beeing used by lots of international companies and institutions. Some people say that six sigma should be implemented into various sphere of life and the effect of this method (significant improvement of financial results by reducing costs of bad quality) is very important. In statistics "sigma" means standard deviation
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Implementation of Six Sigma in Indian industries – a Delphi study R.K. Padhy and S. Sahu* Department of Industrial Engg. & Mgmt.‚ Indian Institute of Technology‚ Kharagpur-721302‚ India E-mail: rkpadhy@iem.iitkgp.ernet.in E-mail: sahus@mech.iitkgp.ernet.in *Corresponding author R.K. Das Department of Mechanical Engg.‚ College of Engg. & Technology‚ Bhubaneswar-751003‚ India E-mail: ranjitdas@gmail.com Abstract: A Delphi study was carried out to review and analyse the critical issues that affect Six Sigma
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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Benchmark Six Sigma‚ is the leading provider of Lean Six Sigma workshops and consulting solutions in India since 2001. Benchmark Six Sigma is the only RABQSA Certified Six Sigma Training Provider (Operating in 8 Major cities across India & even abroad) in India for Yellow‚ Green and Black Belt programs. We have tie-ups with some of the top-rung organizations and business schools all across India. Session Title – Six Sigma in the Corporate World. Session Objective – The facilitator shall
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H Partners and Six Flags Case # 1: In order to determine the enterprise value and recovery rates for each class of creditors implied by the April 2009 attempted exchange offer‚ we first had to determine the priority levels of the capital structure. We used Exhibit 7 in the Case documents to determine the priority levels of each class. The top priority class included the SFTP Revolver and Term Loan; the second priority class included the SFO Notes; and the third priority class included the SFI
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ASPECTS OF CONTRACT AND NEGLIGENCE OF BUSINESS Task: 1.1: Explain the importance of the essential elements required for the information of a valid contract? Offer A valid offer identifies the bargained-for exchange between the parties and creates a power of acceptance in the party to whom the offer is made. The communication by one party known as the offeror to the another party called the offeree b) Acceptance To constitute a contract‚ there must be an acceptance of the offer
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