Terminator foiled by small print

Article Abstract:

Performance failure notices in contract clauses which can lead to termination rights should be fairly and precisely drafted to ensure that the interest of both contractor and employer are covered. The case between Krinkels, Netherlands, contractor, and Plymouth City Council, UK, concerning legalities of the termination clause is reviewed. The court decided that the wording of the clause called for the number of performance failure notices (PFNs) issued by Plymouth to Krinkels to have been over 600 as opposed to the 368 PFNs relied upon by Plymouth to secure a termination.

Case studies, Cases, Discharge of contracts, Performance (Law)

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The Rockefellers owe me

Article Abstract:

A man who worked on Mount Desert Island in 1930 near the estate of the Rockefeller family describes how his horse and wagon messed up a newly gravelled road on the estate. When he later delivered a horse to the family stable, he never got the $2 owed him for the job.

Humor and anecdotes, Debt, Rich, Rich people

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Mind your own business

Article Abstract:

Young entrepreneurs should start out with a business plan, which includes identifying a competitive advantage and setting prices below the competition. Ideas for four different businesses include house number painting and Web site design.

Management, Planning, Business planning, New business enterprises, Startups, Business plans

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