Comments on: Fixed term contracts and ethics part 2 – employee’s viewpoint http://www.goodhonestdollar.com/fixed-term-contracts-and-ethics-part-2-employees-viewpoint Discussion about ethical issues relating to business Wed, 31 Aug 2011 15:10:53 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Top 20 Posts of the week - CSR, Sustainability, Greener Options | Social Bridges http://www.goodhonestdollar.com/fixed-term-contracts-and-ethics-part-2-employees-viewpoint#comment-602 Top 20 Posts of the week - CSR, Sustainability, Greener Options | Social Bridges Fri, 19 Sep 2008 19:28:41 +0000 http://www.goodhonestdollar.com/?p=99#comment-602 [...] What an employee should do if he is bound by some contracts? Andrew has some answers. [...] [...] What an employee should do if he is bound by some contracts? Andrew has some answers. [...]

]]> By: Andrew http://www.goodhonestdollar.com/fixed-term-contracts-and-ethics-part-2-employees-viewpoint#comment-586 Andrew Tue, 16 Sep 2008 22:01:27 +0000 http://www.goodhonestdollar.com/?p=99#comment-586 Brad, No need to apologize about using American examples. America is your home country, the country with which you are most familiar and the country within which you have the most experience to draw upon. Any examples which are relevant to the topic (which yours are) are more than welcome. American examples are fine. You are right about the fundamental importance of contracts in business. Moreover, if contracts are not honored and enforced, there appears to be little value in making the contract. As you say, contracts can, however, be re-negotiated in light of changed circumstances. Also, they can be terminated with the agreement of both parties. Cheers Andrew Brad,

No need to apologize about using American examples.

America is your home country, the country with which you are most familiar and the country within which you have the most experience to draw upon. Any examples which are relevant to the topic (which yours are) are more than welcome. American examples are fine.

You are right about the fundamental importance of contracts in business. Moreover, if contracts are not honored and enforced, there appears to be little value in making the contract.

As you say, contracts can, however, be re-negotiated in light of changed circumstances. Also, they can be terminated with the agreement of both parties.

Cheers

Andrew

]]> By: Brad Shorr http://www.goodhonestdollar.com/fixed-term-contracts-and-ethics-part-2-employees-viewpoint#comment-583 Brad Shorr Tue, 16 Sep 2008 15:40:18 +0000 http://www.goodhonestdollar.com/?p=99#comment-583 If business did not respect contracts, it would collapse. That's actually one of the reasons some people abhor the "bailouts" occurring in the States right now to rescue lenders and borrowers who negotiated ill-advised contracts. That said, there could be situations where changing circumstances make it reasonable for both parties to renegotiate a contract. Sports is a good example. If a no-name baseball player becomes the World Series most valuable player (sorry for the American example; it's all I know), then he and the team will probably agree he deserves more money the following the year than what his contract stipulates. Brad Shorrs last blog post..<a href="http://www.wordsellinc.com/blog/online-marketing/seo/for-seo-select-your-nouns-carefully/" rel="nofollow">For SEO, Select Your Nouns Carefully</a> If business did not respect contracts, it would collapse. That’s actually one of the reasons some people abhor the “bailouts” occurring in the States right now to rescue lenders and borrowers who negotiated ill-advised contracts. That said, there could be situations where changing circumstances make it reasonable for both parties to renegotiate a contract. Sports is a good example. If a no-name baseball player becomes the World Series most valuable player (sorry for the American example; it’s all I know), then he and the team will probably agree he deserves more money the following the year than what his contract stipulates.

Brad Shorrs last blog post..For SEO, Select Your Nouns Carefully

]]>