Management and Organizational Studies 2276A/B Lecture Notes - Lecture 1: Franchise Agreement, Sheet Metal, Insurance Broker

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2276A/B
• Professor: Frederick King

Document Summary

Insurance broker and insurance rep who worked for the broker. The rep writes the business through the broker and after the broker gets the commission he pays the rep. The agreement says that it can be terminated on 90 days written notice by either party. 2 year agreements and after agree to renew for another 2 years. For the last 20 years have agreed to renew every 2 years. Broker says hes going to merge with another broker and requests the rep to give his customer list to the other broker. Rep refuses to give to a competitor. Broker says the merger would be put in jeopardy. Broker says hes giving him 90 days of termination. Not only places a duty on parties, but also on lawyers. We do(cid:374)"t k(cid:374)o(cid:449), (cid:272)ou(cid:396)ts (cid:449)ill p(cid:396)o(cid:271)a(cid:271)l(cid:455) sa(cid:455) (cid:374)o. Template that can be used over and over.