Executor Arrangement

This executor arrangement is made on November 1, 2017 by and by Electra-Family Ltd., a small family company with headquarters at Business Centre, 3rd floor, New York, and its employee Elizabeth Jane, whose address is 244 Backer Street in the city of New York, state of New York.

Electra-Family Ltd is a small enterprise that would like to train its workers. The corporation offers products and services such as publicity campaigns, promotional software, and other advertisements. The corporation is widening its operations and would like to advance the education of its workers. Therefore, the employee wishes to further his/her education, in return for his/her services to the company and Electra-Family Ltd. wishes to be so engaged.

Terms and Conditions

The Term of this agreement is binding for a period of four years commencing 20th of November, 2017. Electra-Family Ltd will provide the resources required for the completion of studies to the employee which will take a period of two years. The employee, privy to this agreement, will work for 30 hours for the company every week for the two years he/she is learning and 12 hours a week for the remaining two years.

Rights of Employee and Obligations

In addition to the terms and condition specified herein, the employee is entitled a right to leave the company two years after the agreement is effectuated. The employee is also entitled to leave the company should he/her refund the amount of money used by the company even before the contact is complete but with a 30% interest. The employee is also entitled to see the proof of the expenses used with invoices.

Compensation

Other expenses apart from those covered by this contract should be invoiced for consideration by the company in which case it will agree to cover it or not. If the company agrees to cater for the expenses, the duration of the employee working for the company will be increased as deemed appropriate by the company as a concerned party. These additional expenses may also be covered in installments as billed by the company. In case the company fails to adhere to the agreement, the employee is not bound to work for the company any longer and the contract will be repudiated henceforth.

Indemnifications

Each party agrees to indemnify and hold harmless as well as defend the other from and against any claims that may arise from any breach of the terms and conditions of the agreement herein. The company also agrees that the relationship it has is exclusively that of an independent contractor and the employee’s obligations are contractual in nature. In addition, any notices that any party would wish to communicate to the other should be delivered in written form to the addresses above.

Agreed to on 2 day of November, in the year 2017.

By: ___________________________Official Title: ____________________________

On behalf of ______________________________________, The Company

I verify that I am sanctioned to act and sign on behalf of the company and it is bound by my actions. ______ (Signature)

By: ___________________________Official Title: ____________________________

On behalf of _____________________________________, Employee

I certify that I am authorized to act and sign on behalf of the company and the employee is bound by my actions. ______ (Signature)

(LEGAL OFFICIAL STAMP HERE)

In this contract, cultural relativism and moral relativism ethical issues arise. There are different values that each of the party holds. Both parties are bound to these ethical issues and as pointed out by Arenas & Wilson (2008), breach of contracts may lead to the agreement being affected by these ethical issues which may result to reduced cultural expectations as well as flexibility. In additions, loopholes that were supposed to be avoided by the contract will begin to appear.

References

Arenas, A., & Wilson, M. (2008). Contracts as trust substitutes in collaborative business. Computer, 41(7).

Desai, N., Narendra, N. C., & Singh, M. P. (2008, May). Checking correctness of business contracts via commitments. In Proceedings of the 7th international joint conference on Autonomous agents and multiagent systems-Volume 2 (pp. 787-794). International Foundation for Autonomous Agents and Multiagent Systems.