International contract law should provide uniformity and consistency across all countries so that there is an even playing field. Moreover, the contract should have a standardized dispute-resolution mechanism so that there is less uncertainty across the multiple legal systems across…   Read more»

To add to the comments made earlier, a confidential agreement (in addition to the basic components of the contract) should first clearly define what constitutes the document to be confidential and it should also underscore the duration of the confidential…   Read more»

Overall, I found this course very informative and interesting. I believe much of what I learned will be helpful when I make the transition from graduate school to industry. I enjoyed the discussion forum because it gave students a platform…   Read more»

Kickbacks are a truly frightening example of corruption and illegal preference because it blurs the line of authenticity and faithfulness of a free making decision that is for the best rather than being under the influence. My first exposure to…   Read more»

My dad had gone through this issue during the 2008 financial crisis, so I am familiar with this experience. In his case, him and his coworkers had exceptional leverage with his company to negotiate the severance package which includes pay,…   Read more»

Non-compete agreements typically barr you from working with a competitor on a similar product that you had previously worked on. In my experience, it was not an umbrella restriction that prevented you from moving into a job that was in…   Read more»

In a Functional Organization, where decisions are often made by a single person, turning this structure into an advantage involves several key strategies. Firstly, establishing clear communication channels is crucial to ensure diverse inputs are considered. Adopting a consultative approach…   Read more»

the choice between Upper and Middle Management would depend on one’s personal qualities and strengths. Upper Management suits individuals who are strategic thinkers, capable of setting a vision for the company. It requires a broad understanding of the industry, strong…   Read more»

Choosing the right matrix type for a medical device project team depends on the project’s complexity, the organizational culture, and the medical device’s specific requirements. A strong matrix, where the project manager has more power, is ideal for complex, innovative…   Read more»

I didn’t experience gift-giving in the corporate world but I think gift-giving is legal but could be used as bribery based on intentions. for example, if a group has succeded in doing a project, the company would celebrate by making…   Read more»

From Simon’s lecture, one could point out that essential factors of the confidentiality agreement would be the same as the contractor law regarding the offer and acceptance, Consideration, Intention to create legal relations, Capacity, and Formalities. Moreover, it has a…   Read more»

In contract law, several key components are crucial for the formation and validity of a contract. First and foremost are the elements of offer and acceptance. An offer, which is a clear and specific proposal, must be communicated to another…   Read more»

The matrix completely depends on the organizational culture, project, and preference of the company overall. Where I currently work, most of the PMs do not have the power to make major decisions on a project without consulting the technical lead…   Read more»

I’d say middle management, which includes any type of manager or director, because they have to maintain the operations of their team. More than that, they have to innovate to improve performance of their organization which can be very challenging…   Read more»

An example of contract law can be a joint replacement (JR) company buying their raw materials from a company specializing in metal. The offer and acceptance of the contract would be the terms of the agreement. The metal company will…   Read more»

As the other posts have already mentioned, confidentiality agreements contain all of the basic components of a contract. Offer and acceptance indicates that both parties are aware of the agreement and have both accepted it. Consideration is directly stating what…   Read more»

I have not experienced gift-giving in the corporate world myself, although we did have training on it. As a commentor above has said, it is pretty similar to academia where an instructor accepting a gift may lead to bias in…   Read more»

I think that this is not a bad idea in certain situations. For example, don’t we have an executive branch in our government. It is important to make decisions fast and sometimes its just easier when one person is making…   Read more»