LegalStrategyFinalReport
International Corporate Legal Strategy
LEGAL STRATEGY REPORT FOR BIG SIGMUND’s HOMEPORT
Team members: 1. Baruah Eshan 2. Le Thi Quynh Huong 3. Hegde Suyog 4. Frau Fabio
Q.1 Ans- Sigmund should consider the following things while doing business with Avocado or Vossberg :
A. Partnership Agreement- Since Sigmund is a young entrepreneur and has limited money in his hands so he should make a partnership agreement with Avocado. The agreement should clearly specify that Avocado will finance or invest in his product in terms of marketing/sales and distribution and Sigmund on the other hand will share the technical details such as know-how of his product.
B. Profit Sharing Agreement- Sigmund should also sign a profit sharing agreement with Avocado. The profit should not necessarily be 50-50 between both the parties but Sigmund should atleast get 25 to 30 percent of profit for an infinite period of time.
C. Non-Disclosure Agreement- Finally Sigmund should make a pre-contract such as Non-Disclosure agreement that should restrict Avacado from disclosing technical details and know-how to any third party without the consent of Sigmund.
Sigmund should make all these contracts under the advice of a registered advocate or a corporate lawyer. The advocate or the lawyer should be practicing in the U.S. so that he/she can help Sigmund in case of any legal dispute or discrepancies between him and Avocado.
Q.2 Ans- Sigmund should set up his business in France through Joint venture with an IT French company. As Sigmund is inexperienced with
LEGAL STRATEGY REPORT FOR BIG SIGMUND’s HOMEPORT
Team members: 1. Baruah Eshan 2. Le Thi Quynh Huong 3. Hegde Suyog 4. Frau Fabio
Q.1 Ans- Sigmund should consider the following things while doing business with Avocado or Vossberg :
A. Partnership Agreement- Since Sigmund is a young entrepreneur and has limited money in his hands so he should make a partnership agreement with Avocado. The agreement should clearly specify that Avocado will finance or invest in his product in terms of marketing/sales and distribution and Sigmund on the other hand will share the technical details such as know-how of his product.
B. Profit Sharing Agreement- Sigmund should also sign a profit sharing agreement with Avocado. The profit should not necessarily be 50-50 between both the parties but Sigmund should atleast get 25 to 30 percent of profit for an infinite period of time.
C. Non-Disclosure Agreement- Finally Sigmund should make a pre-contract such as Non-Disclosure agreement that should restrict Avacado from disclosing technical details and know-how to any third party without the consent of Sigmund.
Sigmund should make all these contracts under the advice of a registered advocate or a corporate lawyer. The advocate or the lawyer should be practicing in the U.S. so that he/she can help Sigmund in case of any legal dispute or discrepancies between him and Avocado.
Q.2 Ans- Sigmund should set up his business in France through Joint venture with an IT French company. As Sigmund is inexperienced with