Please note: This is a compulsory assignment for PRL5901 and it counts 20% towards
your final mark for this module.
A consortium of 2 young computer technology engineers are the members of a close
corporation known as Alpha Consortium. They have developed a track and tracing
system for the motor industry which enables companies to keep track of their vehicles
at all times. Alpha is the owner of the intellectual property relating to the technology of
track and tracing. Alpha has also managed to establish a client base and a track and
tracing market share.
Alpha is approached by Doux Start, a private company incorporated in terms of the
Companies Act 71 of 2008, which specialises in the field of communications
technology and has the expertise to develop and implement projects in marketing and
sales of the communications sector. Doux Start proposes a collaborative venture to
Alpha which would make provision for (1) the equity structure; (2) the external
relationships of such a business; (3) as well as the internal affairs of such a commercial
venture.
The aim of the collaboration is that Alpha will as a first phase provide their existing
track and tracing technologies in order to collaborate in the development of new
communications technology projects with specific application to military requirements.
Doux Start undertakes to develop new communications technology projects. They also
undertake to fund or acquire outside funding for such projects. Doux Start also
undertakes to provide eighty square meters of laboratory space to Alpha. Once such
development has taken place Alpha undertakes to grant Doux Start as a second phase
marketing and sales rights.
Alpha approaches you to draft the contract. They are concerned that they are
contributing more to the venture than Doux Start is, but on the other hand Doux Start
has very good military connections and owns a laboratory which Alpha does not have.
Draft a contract of not more than 10 pages or 5000 words that makes provision for the
above scenario making sure you protect your client. [100]
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LIBRARYpro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.67. You're not tied to anything after your purchase.