Questions & AnswersTax law

Band signed an exclusive five-year management agreement with...

Question
Answered step-by-step
Asked by DukeDinosaurMaster765 on coursehero.com

Band signed an exclusive five-year management agreement with...

Band signed an exclusive five-year management agreement with Manager.

The agreement said Manager was to get 10% of all of Band's income from songwriting, performing, and recording for five years.

The Agreement did not specify exactly what efforts Manager must undertake for Band, but only that Manager must "manage" them.

 

Most likely, the contract is:


Invalid -- because the deal is unconscionable.

Valid -- because the court will "read into" the contract the Implied Term of "Reasonable Efforts."

Invalid -- because Manager is not obligated to do anything.

Valid -- because the court likes the Band's music.

Answer & Explanation

Solved by verified expert
Answered by DoctorTreeWalrus32 on coursehero.com

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec fa
 

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem
CliffsNotes Logo

Unlock access to this and over
10,000 step-by-step explanations

Unlock Explanation

Have an account? Log In

<p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec fa<br/> </p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem

Step-by-step explanation

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesqu

Get unstuck with a CliffsNotes subscription

Example CliffsNotes Question and Answer
Unlock every step-by-step explanation, download literature note PDFs, plus more.Get Access

Related Q&A