8/9/2019 MB0035 Legal Aspects of Business Assignment

1/15

U~xgfd 8>=>"Kmf*Kpf`'

JHM*U@J GGG

JH>>50 L`dml Mu~`etu ac Hpugf`uu

Muugdfj`ft U`t* =

]=& Mll eaftxmetu mx` mdx``j`ftu hpt mll mdx``j`ftu mx` fat eaftxmetu& Oguepuu

Mfu`x ; Mll eaftxmetu mx` mdx``j`ft hpt mll mdx``j`ft mx` fat eaftxmetu& M eaftxmet gu m

l`dmllw hgfogfd mdx``j`ft ax x`lmtgafubg~ tbmt `rgutu h`t``f ta ax jax` ~mxtg`u ta oa ax

mhutmgf cxaj ~`xcaxjgfd e`xtmgf metu& M eaftxmet emf mlua h` o`cgf`o mu m l`dmllw hgfogfd

`rebmfd` ac ~xajgu`u h`t``f ta ax jax` ~mxtg`u tbmt tb` lm gll `fcaxe`& Cax m eaftxmet ta

h` caxj`o mf acc`x jmo` jput hmei`o mee`~tmfe` ac bgeb tb`x` jput h` eafugo`xmtgaf& Hatb

~mxtg`u gfsals`o jput gft`fo ta ex`mt` l`dml x`lmtgaf af m lmcpl jmtt`x bgeb jput h` `ft`x`o

gfta cx``lw mfo ubaplo h` ~auughl` ta ~`xcaxj&

Mf mdx``j`ft gu m caxj ac exauu x`c`x`fe` h`t``f ogcc`x`ft ~mxtg`u, bgeb jmw h` xgtt`f,axml mfo lg`u p~af tb` bafax ac tb` ~mxtg`u cax gtu cplcgllj`ft xmtb`x tbmf h`gfd gf mfw mw

`fcaxe`mhl`&

Mll eaftxmetu mx` mdx``j`ft h`empu` tb`x` jput h` jptpml pfo`xutmfogfd h`t``f ta

~mxtg`u cax m eaftxmet ta h` caxj`o& Mll ~mxtg`u ubaplo mdx`` mfo mob`x` ta tb` t`xju mfo

eafogtgafu ac mf acc`x&

_b` callagfd emu`u gllputxmt` mwu gf bgeb mll eaftxmetu mx` mdx``j`ftu9

Gf tb` emu` ac gfsgtmtgaf ta tx`mt, b`x` mf gfsgtmtgaf ta tx`mt gu j`x`lw mf gfsgtmtgaf ta jmi`

mf acc`x& Tb`f m cgxj$u acc`x gu mee`~t`o gt x`upltu gfta m eaftxmet ~xasgo`o atb`x `l`j`ftu ac

eaftxmetu mx` mee`~t`o&

Eafugo`xgfd ~`xuaf M hpwgfd m xmoga af bgx` ~pxebmu` cxaj ~`xuaf H ba o`mlu gtb

`l`etxafgeu mfo gtu m~~lgmfe`u& Hatb ~mxtg`u jput eaj` ta mf mdx``j`ft af ~mwj`ft ac

jaftblw gfutmllj`ft gtbgf u~`egcg`o ~`xgao ac tgj`& Upeb mf mdx``j`ft x`uplt ta u~`egmltw

eaftxmet bgeb m eaftxmet pfo`x u`ml&

Mlleaftxmetu mx` mdx``j`ft pftgl msago`o cax `rmj~l`, msagomhl` eaftxmet b`x` af` ac tb`

~mxtg`u emf gtboxm cxaj gt gc u!b` gub`u& _bgu aeepxu op` ta jgfax mdx``j`ft mfo

jgux`~x`u`ftmtgaf ax pfop` gfclp`fe`& Eafugo`xgfd m emu` b`x` ~`xuaf M jmi` eaftxmet gtb ~`xuaf H hpt opxgfd tb` eaftxmet ~`xgao H x`mlg{`u tbmt b` mu `fdmd`o ta ~`xcaxj mf

mdx``j`ft pfo`x pfop` gfclp`fe`&

O`cgfgtgaf ac eaftxmet

Meeaxogfd ta u`etgaf 8"b' ac tb` Gfogmf Eaftxmet Met; ( Mf mdx``j`ft `fcaxe`mhl` hw lm gu m

eaftxmet&( M eaftxmet tb`x`cax`, gu mf mdx``j`ft tb` ahk`et ac bgeb gu ta ex`mt` m l`dml

ahlgdmtgaf g&`&, m optw `fcaxe`mhl` hw lm&

Cxaj tb` mhas` o`cgfgtgaf, ` cgfo tbmt m eaftxmet `uu`ftgmllw eafugutu ac ta `l`j`ftu; "=' Mf

mdx``j`ft mfo "8' L`dml ahlgdmtgaf g&`&, m optw `fcaxe`mhl` hw lm& T` ubmll fa `rmjgf`tb`u` `l`j`ftu o`tmgl&

8/9/2019 MB0035 Legal Aspects of Business Assignment

2/15

U~xgfd 8>=>"Kmf*Kpf`'

=& Mdx``j`ft& Mu ~`x u`etgaf 8 "`'; ( @s`xw ~xajgu` mfo `s`xw u`t ac ~xajgu`u, caxjgfd tb`

eafugo`xmtgaf cax `meb atb`x, gu mf mdx``j`ft&( _bpu gt gu el`mx cxaj tbgu o`cgfgtgaf tbmt m

$~xajgu`$ gu mf mdx``j`ft& Tbmt gu m $~xajgu`$1 tb` mfu`x ta tbgu }p`utgaf gu eaftmgf`o gf

u`etgaf 8 "h' bgeb o`cgf`u tb` t`xj&( Tb`f tb` ~`xuaf ta baj tb` ~xa~auml gu jmo`

ugdfgcg`u bgu muu`ft tb`x`ta tb` ~xa~auml gu umgo ta h` mee`~t`o& M ~xa~auml, b`f mee`~t`o,

h`eaj`u m ~xajgu`&(

Mf mdx``j`ft, tb`x`cax`, eaj`u gfta `rgut`fe` aflw b`f af` ~mxtw jmi`u m ~xa~auml ax acc`x

ta tb` atb`x ~mxtw mfo tbmt atb`x ~mxtw ugdfgcg`u bgu muu`ft "g&`&, dgs`u bgu mee`~tmfe`' tb`x`ta&

Gf ubaxt, mf mdx``j`ft gu tb` upj tatml ac $acc`x$ mfo $mee`~tmfe`$&

Af mfmlw{gfd tb` mhas` o`cgfgtgaf tb` callagfd ebmxmet`xgutgeu ac mf mdx``j`ft h`eaj`

`sgo`ft;

"m' Mt l`mut ta ~`xuafu& _b`x` jput h` ta ax jax` ~`xuafu ta jmi` mf mdx``j`ft h`empu`

af` ~`xuaf emffat gft`x gfta mf mdx``j`ft gtb bgju`lc&

"h' Eafu`fupu*mo*go`j& Hatb tb` ~mxtg`u ta mf mdx``j`ft jput mdx`` mhapt tb` uphk`et jmtt`x

ac tb` mdx``j`ft gf tb` umj` u`fu` mfo mt tb` umj` tgj`&

8& L`dml ahlgdmtgaf& Mu utmt`o mhas`, mf mdx``j`ft ta h`eaj` m eaftxmet jput dgs` xgu` ta m

l`dml ahlgdmtgaf g&`&, m optw `fcaxe`mhl` hw lm& Gc mf mdx``j`ft gu gfem~mhl` ac ex`mtgfd m optw

`fcaxe`mhl` hw lm& Gt gu fat m eaftxmet& _bpu mf mdx``j`ft gu m go`x t`xj tbmf m eaftxmet& (

Mll eaftxmetu mx` mdx``j`ftu hpt mll mdx``j`ftu mx` fat eaftxmetu,(

Mdx``j`ftu ac jaxml, x`lgdgapu ax uaegml fmtpx` `&d&, m ~xajgu` ta lpfeb tad`tb`x mt m cxg`fo$u

bapu` ax ta tmi` m mli tad`tb`x mx` fat eaftxmetu h`empu` tb`w mx` fat lgi`lw ta ex`mt` m optw`fcaxe`mhl` hw lm cax tb` ugj~l` x`muaf tbmt tb` ~mxtg`u f`s`x gft`fo`o tbmt tb`w ubaplo h`

mtt`fo`o hw l`dml eafu`}p`fe`u

]8& Fat mll ~`xuafu bms` tb` em~megtw ta `ft`x gfta m eaftxmet& Oguepuu tbgu utmt`j`ft&

Mfu`x;Fat mll ~`a~l` mx` eaj~l`t`lw cx`` ta `ft`x gfta m smlgoeaftxmet& _b` eaftxmetu ac tb`

dxap~u ac ~`a~l` lgut`o h`la gfsals` ~xahl`jmtge eafu`ft, mfo mx` o`mlt gtb u`~mxmt`lw, mucallau;

~`a~l` ba bms` m j`ftml gj~mgxj`ft9

wapfd ~`a~l` "jgfaxu'9 hmfixp~tu9

eax~axmtgafu "~`a~l` metgfd af h`bmlc ac m eaj~mfw'9 mfo

~xguaf`xu&

8/9/2019 MB0035 Legal Aspects of Business Assignment

3/15

U~xgfd 8>=>"Kmf*Kpf`'

^@A^L@ TBA BMS@ M J@F_ML GJ^MGXJ@F_

D`f`xmllw u~`migfd, ~`a~l` mx` cx`` ta `ft`x gfta eaftxmetu `s`f tbapdb tb`w jmw bms` m

j`ftml gj~mgxj`ft, ax mx` t`j~axmxglw ogumhl`o hw oxpdu ax mleabal& _b`w mx`, ba`s`x,

uaj`tgj`u splf`xmhl` ta h`gfd hapfo hw eaftxmetu tb`w oa fat cpllw pfo`xutmfo& _b` }p`utgaf

acem~megtw ta jmi` tb` eaftxmet act`f mxgu`u aflw mct`x tb` eaftxmet gu gf ~lme`&

^`a~l` gtb ogumhglgtg`u mfo tb`gx mosaemt`u gll cgfo uaj` ~xat`etgaf gf tb` xpl` tbmt m

eaftxmet gu fat smlgomfo `fcaxe`mhl` pfl`uu tb`x` mu d`fpgf` eafu`ftta gtu jmigfd&

Em~megtw ta dgs` eafu`ft gfsals`u m d`f`xml pfo`xutmfogfd ac tb` fmtpx` ac tb` eaftxmet "fat

f`e`uumxglw gtu cgf` o`tmglu'& M ~`xuaf gtb m j`ftml gj~mgxj`ft, cax `rmj~l`, jmw bms` tb`

em~megtw ta pfo`xutmfo uaj` eaftxmetu "cax `rmj~l`, hpwgfd m lamc ac hx`mo', hpt fat ta

pfo`xutmfo atb`x, jax` eaj~lgemt`o eaftxmetu "cax `rmj~l`, hpwgfd m emx af ex`ogt'&

Tb`x` m ~`xuaf gtb m ogumhglgtw ogo fat pfo`xutmfo tb` d`f`xml fmtpx` ac tb` eaftxmet, m eapxt

emf gft`xs`f` ta u`t mugo` tb` eaftxmet aflw gc;

tb` atb`x ~mxtw if` "ax apdbt ta bms` ifaf' ac tb` ogumhglgtw ax lmei ac em~megtw9

tb` ~`xuaf gtb tb` ogumhglgtw emf dgs` hmei jaut ac tb` h`f`cgt tb`w x`e`gs`o pfo`x

tb` eaftxmet9 mfo

tb` h`f`cgt x`e`gs`o hw tb` atb`x ~`xuaf bmu fat h``f ualo ta m tbgxo ~mxtw ba ogo fat

ifa tb` ~x`sgapu txmfumetgaf jgdbt fat h` smlgo& D`f`xmllw, ta `uem~` tb`

eafu`}p`fe`u ac m eaftxmet, tb` atb`x ~mxtw ubaplo h` fatgcg`o ac tb` gft`ftgaf fat ta

h` hapfo hw tb` eaftxmet gtbgf m x`muafmhl` tgj`&Gc tb` eaftxmet mu jmo` opxgfd m ~`xgao b`f tb` ~`xuaf mu mhl` ta pfo xutmfo gt "l`dmllw

t`xj`o m (lpego gft`xsml(', tb` eaftxmet gll h` hgfogfd `s`f tbapdb tb` atb`x ~mxtw if` ac

tb` ogumhglgtw&

M ~`xuaf gtb mf gft`ll etpml ax ~uwebgmtxge ogumhglgtw gll h` lgmhl` ta ~mw aflw m x`muafmhl`

~xge` caxf`e`uumxg`u ualo mfo o`lgs`x`o& (F`e`uumxg`u(, mfo tb` xpl`u m~~lgemhl` b`x`, mx`

o`mlt gtb gf (Wapfd ~`a~l`(&

WAPFD @A^L@

_b` t`xj wapfd ~`xuaf gu pu`o b`x` ta x`c`x ta mfwaf` pfo`x tb` md` ac =2 w`mxu& Uaj`tgj`u

l`dml xgtgfd x`c`xu ta jgfaxu axgfcmft&

_b` `rmet em~megtw ac wapfd ~`a~l` ta hgfo tb`ju`ls`u mfo h` hapfo hw eaftxmet gu lgjgt`o

hpt mlua pfel`mx, h`empu` fa Met ac ^mxlgmj`ft eaj~l`t`lw eas`xu tbgu mx`m ac lm&

8/9/2019 MB0035 Legal Aspects of Business Assignment

4/15

U~xgfd 8>=>"Kmf*Kpf`'

Hgfogfd eaftxmetu mfo wapfd ~`a~l`

Eaftxmetu cax tb` up~~lw ac (f`e`uumxg`u( gll d`f`xmllw h` hgfogfd& _b`x` mx` fa bmxo mfo cmut

xpl`u ta go`ftgcw bmt gu (m f`e`uumxw(, hpt gt oa`u gfelpo` tb` uaxtu ac tbgfdu tb` wapfd ~`xuaf

f``ou ta lgs` m x`muafmhl` lgc`utwl`& Gt gfelpo`u hmugeu upeb mu;

caao9

elatbgfd9

m ~lme` ta lgs`9

j`ogegf`,

mfo ua af&

Gt gll mlua gfelpo` mfw eaftxmetu x`lmtgfd ta tb` wapfd ~`xuaf$u `opemtgaf, m~~x`ftge`ubg~ ax

uaj`tbgfd s`xw ugjglmx, gc gt emf h` ubaf ta h` ac h`f`cgt ta tb` wapfd ~`xuaf& Tbgl` m eapxt

bmu fat w`t eafugo`x`o tb` guup` u~`egcgemllw, jahgl` ~baf`u mx` ~xahmhlw fat f`e`uumxg`u&

_b` wapfd ~`xuaf eaftxmetgfd gf tbgu ugtpmtgaf gll h` b`lo hapfo ta ~mw m x`muafmhl` ~xge`

"mltbapdb tbmt jmw fat h` tb` eaftxmet ~xge`' cax f`e`uumxg`u metpmllw ualo mfo o`lgs`x`o&

"(O`lgs`xw( gu m t`ebfgeml t`xj& D`f`xmllw, o`lgs`xw tmi`u ~lme` b`f tb` u`ll`x bmu dgs`f tb`

hpw`x tb` ~a`x ta tmi` tb` daaou mmw&' Tb`x` f`e`uumxg`u bms` h``f ualo hpt tb`x` bmu

h``f fa o`lgs`xw, tb` wapfd ~`xuaf oa`u fat bms` ta tmi` o`lgs`xw ax ~mw cax tb` daaou&

Faf*hgfogfd eaftxmetu mfo wapfd ~`a~l`

_a elmuu`u ac eaftxmetu mx` fat hgfogfd af m wapfd ~`xuaf, fmj`lw;

eaftxmetu bgeb mx` fat cax f`e`uumxg`u9 mfo eaftxmetu cax tb` x`~mwj`ft ac jaf`w l`ft ax ta h` l`ft "tbmt gu, mfw caxj ac ex`ogt

eaftxmet'&

Tb`x` m wapfd ~`xuaf bmu mlx`mow ~mgo jaf`w pfo`x m faf*hgfogfd eaftxmet, tbmt jaf`w gll

fat h` x`eas`xmhl` pfl`uu fa h`f`cgt bmu h``f x`e`gs`o hw tb` wapfd ~`xuaf& _b` wapfd

~`xuaf emf, ba`s`x, x`cpu` ta jmi` mfw cpxtb`x ~mwj`ftu pfo`x tb` eaftxmet& Gt gu fat e`xtmgf

ba tb`f afu daaou tbmt mx` fat f`e`uumxg`u& Gt m~~`mxu tbmt tb`w h`eaj` tb` ~xa~`xtw ac tb`

wapfd ~`xuaf pfl`uu tb` wapfd ~`xuaf bmu cxmpopl`ftlw jgux`~x`u`ft`o tb`gx md`&

@s`f mct`x tpxfgfd =2, m ~`xuaf emffat eafcgxj m ~xgax eaftxmet mfo tb`f h`eaj` hapfo hw gt&

Mfw jaf`w ~mgo hw m wapfd ~`xuaf pfo`x upeb egxepjutmfe`u jmw h` x`eas`x`o&

HMFIXP^_U

Hmfixp~t ~`a~l` mx` fat o`~xgs`o ac tb`gx d`f`xml em~megtw ta eaftxmet&

EAX^AXM_GAFU

M eax~axmtgaf gu mf mxtgcgegml haow ex`mt`o hw lm& _b` eax~axmtgaf bmu m l`dml `rgut`fe`

u`~mxmt` cxaj tb` gfogsgopml ~`a~l` ba eaj~xgu` gt& Ba`s`x, m eaj~mfw bmu tb` l`dml

em~megtw ac m fmtpxml ~`xuaf mfo tb`x`cax` bmu tb` em~megtw ta `ft`x eaftxmetpml x`lmtgafu& _bgu

gu ua `s`f gc tb`x` gu mf `r~x`uu ~xabghgtgaf eaftmgf`o gf tb` eaj~mfw$u eafutgtptgaf& Upeb

8/9/2019 MB0035 Legal Aspects of Business Assignment

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U~xgfd 8>=>"Kmf*Kpf`'

txmfumetgafu mx` fat o``j`o sago mfo h`wafo tb` eaj~mfw$u ~a`xu ugj~lw h`empu` tb`

`r`xegu` ac upeb ~a`xu gu gf hx`meb ac tb` x`utxgetgafu ~lme`o gf tb` eaj~mfw$u eafutgtptgaf&

M eaj~mfw bmu tb` em~megtw ta `ft`x eaftxmetpml x`lmtgafu, hpt upeb x`lmtgafu mx` aflw hgfogfd

af tb` eaj~mfw gc tbau` metgfd af h`bmlc ac tb` eaj~mfw oa ua gtb tb` eaj~mfw$u `r~x`uu ax

gj~lg`o mptbaxgtw& _b` eapxtu bms` h``f }pgt` lgh`xml gf tb gx gft x~x`tmtgaf ac gj~lg`omptbaxgtw& Gt bmu h``f capfo tbmt gf emu`u b x` ogx etaxu gtb `r~x`uu mptbaxgtw bms`

me}pg`ue`o mfo mlla`o m ogx`etax gtb fa mptbaxgtw ta cx`}p`ftlw `ft`x eaftxmetpml x`lmtgafu

af h`bmlc ac tb` eaj~mfw, tbmt upeb ogx`etaxu bms` gj~lg o mptbaxgtw mfo tb`x`cax` emf

eaftxmetpmllw hgfo tb` eaj~mfw&

^XGUAF@XU

Opxgfd tb`gx gj~xguafj`ft, ~xguaf`xu jmw `ft`x eaftxmetu, gfelpogfd eaftxmetu ta hpw mfo u`ll

~xa~`xtw& _b` pupml x`utxgetgafu mhapt up~`xsgugaf mfo e`fuaxubg~ ac mfwtbgfd eajgfd gfta tb`

~xguaf utgll m~~lw, ua tbmt tb` ~`xjguugaf ac Eaxx`etgafu Sgetaxgm gu x`}pgx`o h`cax` m ~xguaf`x

jmw ugdf cax, o`lgs`x ax x`e`gs` mfw oaepj`ft

]5& Oguepuu bat m eafxme emf h` oguebmxd`o hw hx`meb1

Mfut`x ; Hx`meb ac eafxme hw m ~mxw b`x`a gu mlua m j`bao ac oguebmxd` ac m eafxme, h`empu`

hx`meb mlua hxgfdu a mf `fo b` ahlgdmgafu ex`m`o hw m eafxme af b` ~mx ac meb ac b` ~mxg`u&

Ac eapxu` b` mddxg`s`o ~mxw g&`&, b` ~mxw fa m cmpl emf up` cax omjmd`u cax hx`meb ac eafxme mu

~`x lmt9 hp b` eafxme mu upeb umfou `xjgfm`o&

Hx`meb ac eaftxmet jmw h` ac ta igfou; "=' Mftgeg~mtaxw hx`meb9 mfo "8' Metpml hx`meb&

=& Mftgeg~mtaxw hx`meb; Mf mftgeg~mtaxw hx`meb ac eaftxmet gu m hx`meb ac eaftxmet aeepxxgfd

h`cax` tb` tgj` cgr`o cax ~`xcaxjmfe` bmu mxxgs`o& Gt jmw tmi` ~lme` gf ta mwu; "m'

@r~x uulw hw axou u~ai`f ax xgtt`f& B`x` m ~mxtw ta tb` eaftxmet eajjpfgemt u ta tb`

atb`x ~mxtw, h`cax` tb` op` omt` ac ~`xcaxjmfe`, bgu gft`ftgaf fat ta ~`xcaxj gt& "h'

Gj~lg`olw hw tb` eafopet ac af` ac tb` ~mxtg`u& B`x` m ~mxtw hw bgu af salpftmxw met

ogumhl`u bgju`lc cxaj ~`xcaxjgfd tb` eaftxmet& Tb`f m ~mxtw ta m eaftxmet bmu x`cpu`o ta

~`xcaxj ax ogumhl`o bgju`lc cxaj ~`xcaxjgfd, bgu ~xajgu` gf gtu `ftgxgtw, tb` ~xajgu``

jmw ~pt mf `fo ta tb` eaftxmet, pfl`uu b` bmu ugdf`o, hw axou ax eafopet bgu me}pgue`fe`

gf gtu eaftgfpmfe`&

8& Metpml hx`meb; Metpml hx`meb jmw mlua oguebmxd` m eaftxmet& Gt aeepxu b`f m ~mxtw cmglu

ta ~`xcaxj bgu ahlgdmtgafu p~af tb` omt` cgr`o cax ~`xcaxjmfe` hw tb` eaftxmet& Metpmlhx`meb `ftgtl`u tb` ~mxtw fat gf o`cmplt ta `l`et ta tx`mt tb` eaftxmet mu oguebmxd`o mfo ta

up` tb` ~mxtw mt cmplt cax omjmd`u cax hx`meb ac eaftxmet&

X`j`og`u cax Hx`meb ac Eaftxmet

Tb`f`s`x tb`x` gu hx`meb ac m eaftxmet, tb` gfkpx`o ~mxtw h`eaj`u `ftgtl`o ta mfw af` ax jax`

ac tb` callagfd x`j`og`u mdmgfut tb` dpgltw ~mxtw;

=& X`ueguugaf ac tb` eaftxmet&

8& Upgt cax omjmd`u&5& Upgt p~af }pmftpj j`xgt&

?& Upgt cax u~`egcge ~`xcaxjmfe` ac tb` eaftxmet&

http://www.lawhandbook.org.au/handbook/go01.php#id4693959http://www.lawhandbook.org.au/handbook/go01.php#id4693959

8/9/2019 MB0035 Legal Aspects of Business Assignment

6/15

U~xgfd 8>=>"Kmf*Kpf`'

0& Upgt cax mf gfkpfetgaf&

Mu x`dmxou tb` lmut ta x`j`og`u utmt`o mhas`, tb` lm gu x`dplmt`o hw tb` U~`egcge X`lg`c Met,

=735&

= X`ueguugaf ac tb` eaftxmet; Tb`f tb`x` gu m hx`meb ac eaftxmet hw af` ~mxtw, tb` atb`x ~mxtwjmw x`uegfo tb` eaftxmet mfo f``o fat ~`xcaxj bgu ~mxt ac ahlgdmtgafu pfo`x tb` eaftxmet& Hpt

gf emu` tb` mddxg`s`o ~mxtw gft`fou ta up` tb` dpgltw ~mxtw cax omjmd`u cax hx`meb ac eaftxmet,

b` bmu ta cgl` m upgt cax x`ueguugaf ac tb` eaftxmet& Tb`f tb` eapxt dxmftu x`ueguugaf, tb`

mddxg`s`o ~mxtw gu cx`` cxaj mll bgu ahlgdmtgafu pfo`x tb` eaftxmet mfo h`eaj`u `ftgtl`o ta

eaj~`fumtgaf cax mfw omjmd` bgeb b` bmu uputmgf`o tbxapdb tb` faf*cplcglj`ft ac tb`

eaftxmet "U`e& 40'&

8& Upgt cax omjmd`u; Omjmd`u mx` m jaf`tmxw eaj~`fumtgaf mlla`o ta tb` gfkpx`o ~mxtw cax

tb` lauu ax gfkpxw upcc`x`o hw bgj mu m x`uplt ac tb` hx`meb ac eaftxmet& _b` cpfomj`ftml

~xgfeg~l` pfo`xlwgfd omjmd`u gu fat ~pfgubj`ft hpt eaj~`fumtgaf& Hw mmxogfd omjmd`u tb`

eapxt mgju ta ~pt tb` gfkpx`o ~mxtw gfta tb` ~augtgaf gf bgeb b` aplo bms` h``f, bmo tb`x`h``f ~`xcaxjmfe` mfo fat ta ~pfgub tb` o`cmpltgfd ~mxtw& Mu m d`f`xml xpl`, eaj~`fumtgaf

jput h` eajj`fupxmt` gtb tb` gfkpxw ax lauu uputmgf`o, mxgugfd fmtpxmllw cxaj tb` hx`meb&

Gc metpml lauu gu fat ~xas`o, fa omjmd`u gll h` mmxo`o&

5& Upgt p~af }pmftpj j`xgt "U`etgafu 30 mfo 4>'; _b` tbgxo x`j`ow cax m hx`meb ac

eaftxmet msmglmhl` ta mf gfkpx`o ~mxtw mdmgfut tb` dpgltw ~mxtw gu ta cgl` m upgt p~af }pmftpj

j`xgt& _b` ~bxmu` }pmftpj j`xgt lgt`xmllw j`mfu mu jpeb mu gu `mxf`o ax gf ~xa~axtgaf ta

tb` axi oaf`& _bgu x`j`ow jmw h` msmgl`o ac `gtb`x gtbapt elmgjgfd omjmd`u "g&`&,

elmgjgfd x`muafmhl` eaj~`fumtgaf aflw cax tb` axi oaf`' ax gf moogtgaf ta elmgjgfd

omjmd`u cax hx`meb "g& &, elmgjgfd x`muafmhl` eaj~`fumtgaf cax ~mxt ~`xcaxjmfe` mfo

omjmd`u cax tb` x`jmgfgfd pf~`xcaxj`o ~mxt'&

_b` mddxg`s`o ~mxtw jmw cgl m upgt p~af }pmftpj j`xgt mfo jmw elmgj ~mwj`ft gf

~xa~axtgaf ta axi oaf` ax daaou up~~lg`o gf tb` callagfd emu`u;

=& Tb`x` axi bmu h``f oaf` gf ~pxupmfe` ac m eaftxmet, bgeb bmu h``f oguebmxd`o hw

tb` o`cmplt ac tb` o`c`fomft&

8& Tb x` axi bmu h``f oaf` gf ~pxupmfe` ac m eaftxmet bgeb gu ogueas`x`o sago ax

h`eaj`u sago&

5& Tb`f m ~`xuaf `fkawu h`f`cgt ac faf*dxmtpgtapu met mltbapdb tb`x` `rgutu fa `r~x`uu

mdx``j`ft h`t``f tb` ~mxtg`u& Af` ac upeb emu`u gu ~xasgo`o gf U`etgaf 4> "atb`xemu`u mx` eas`x`o pfo`x }pmug*eaftxmetu'& U`etgaf 4> lmwu oaf tbmt b`f u`xsge`u mx`

x`fo`x`o ax daaou mx` up~~lg`o hw m ~`xuaf, "g' gtbapt mfw gft`ftgaf ac oagfd ua

dxmtpgtapulw, mfo "gg' tb` h`f`cgt ac tb` umj` gu `fkaw`o hw tb` atb`x ~mxtw, tb` lmtt`x

jput eaj~`fumt` tb` caxj`x ax x`utax` tb` tbgfd ua o`lgs`x`o&

?& M ~mxtw ba gu dpgltw ac hx`meb ac eaftxmet jmw mlua up` af }pmftpj j xgt ~xasgo`o

hatb tb` callagfd eafogtgafu mx` cplcgll`o; "m' tb` eaftxmet jput h` ogsgughl` mfo "h'

tb` atb`x ~mxtw jput bms` `fkaw`o tb` h`f`cgt ac tb` ~mxt bgeb bmu h``f ~`xcaxj`o,

mltbapdb b` bmo mf a~tgaf ac o`elgfgfd gt&

?& Upgt cax u~`egcge ~`xcaxjmfe`; U~`egcge ~`xcaxjmfe` j`mfu tb` metpml emxxwgfd apt ac tb`

eaftxmet mu mdx``o& Pfo`x e`xtmgf egxepjutmfe`u mf mddxg`s`o ~mxtw jmw cgl` m upgt cax u~`egcge~`xcaxjmfe`, g&`&, cax m o`ex`` hw tb` eapxt ogx`etgfd tb` o`c`fomft ta metpmllw ~`xcaxj tb`

8/9/2019 MB0035 Legal Aspects of Business Assignment

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8/9/2019 MB0035 Legal Aspects of Business Assignment

8/15

U~xgfd 8>=>"Kmf*Kpf`'

5& Eaj~`t`few; _b` ~xgfeg~ml o`htax, upx`tw mfo ex`ogtax jput h` m ~`xuaf eaj~`t`ft ta

eaftxmet& Ba`s`x, pfo`x e`xtmgf egxepjutmfe`u, m upx`tw gu lgmhl` tbapdb tb` ~xgfeg~ml

o`htax gu fat g&`& tb` axgdgfml eaftxmet gu sago mu gu tb` emu` ac m eaftxmet gtb m jgfax

gf bgeb tb` upx`tw gu lgmhl` fat aflw mu upx`tw hpt mlua mu ~xgfeg~ml o`htax& M ~`xuaf

ac pfuapfo jgfo ax mf pfoguebmxd`o gfuals`ft emffat dgs` m smlgo dpmxmft``&

?& Eafu`ft; _b`x` jput h` cx`` eafu`ft9 atb`xgu` tb` eaftxmet ac dpmxmft`` jmw h`eaj`

sago ax sagomhl`& D`f`xmllw m eaftxmet ac dpmxmft`` gu fat tb` eaftxmet ac ptjaut daao

cmgtb g&`& ph`xxgjm` cgo`g, hpt gt gu uaj`tgj`u m cgxut eapugf ta gt& Jax` faf*oguelaupx`

gll fat `cc`et tb` eaftxmet ac upx`tw pfl`uu tb`x` gu mf gft`ftgafml eafe`mlj`ft&

]0& Ba emf f`datgmhl` gfutxpj`ftu h` `foaxu`o1 Oguepuu gf o`tmgl&

Mfu`x ; U`etgaf =0 o`cgf u `foaxu`j`ft mu callau; Tb`f tb` jmi`x ax balo`x ac m

f`datgmhl` gfutxpj`ft ugdfu tb` umj`, atb`xgu` tbmf mu upeb jmi`x, cax tb` ~px~au` ac

f`datgmtgaf, af tb` hmei ax cme` tb`x`ac ax af ulg~ ac ~m~`x mff`r`o tb`x`ta, ax ua ugdfu cax tb`

umj` ~px~au` m utmj~`o ~m~`x gft`fo`o ta h` eaj~l`t`o mu f`datgmhl` gfutxpj`ft, b` gu umgo

ta `foaxu` tb` umj`, mfo gu emll`o tb` `foaxu`x&

_bpu, mf `foaxu`j`ft eafugutu ac tb` ugdfmtpx` ac tb` balo`x pupmllw jmo` af tb` hmei ac tb`

f`datgmhl` gfutxpj`ft gtb tb` ahk`et ac txmfuc`xxgfd tb` gfutxpj`ft& Gc fa u~me` gu l`ct af tb`

hmei ac tb` gfutxpj`ft cax tb` ~px~au` ac `foaxu`j`ft, cpxtb`x `foaxu`j`ftu mx` ugdf`o af m

ulg~ ac ~m~`x mttmeb`o ta tb` gfutxpj`ft& _b` ~`xuaf jmigfd tb` `foaxu`j`ft gu emll`o mf

`foaxu`x mfo tb` ~`xuaf ta baj tb` gfutxpj`ft gu `foaxu`o gu emll`o mf `foaxu``

Igfou ac @foaxu`j`ftu ; @foaxu`j`ftu jmw h` ac tb` callagfd igfou;

=& Hlmfi ax d`f`xml foaxu`j`ft ; Gc tb` `foaxu`x ugdfu bgu fmj` aflw mfo oa`u fat u~`egcw

tb` fmj` ac tb` `foaxu``, tb` `foaxu`j`ft gu umgo ta h` gf hlmfi& _b` `cc`et ac m hlmfi

`foaxu`j`ft gu ta eafs`xt tb` axo`x gfutxpj`ft gfta h`mx`x gfutxpj`ft bgeb jmw h`

txmfuc`xx`o j`x`lw hw o`lgs`xw&

8& @foaxu`j`ft gf cpll ax u~`egml `foaxu`j`ft ; Gc tb` `foaxu`x, gf moogtgaf ta bgu

ugdfmtpx`, mlua moou m ogx`etgaf ta ~mw tb` mjapft j`ftgaf`o gf tb` gfutxpj`ft ta, ax ta

tb` axo`x ac, m u~`egcg`o ~`xuaf, tb` `foaxu`j`ft gu umgo ta h` gf cpll&

5& ^mxtgml @foaxu`j`ft ; U`etgaf 03 ~xasgo`u tbmt m f`datgmhl` gfutxpj`ft emffat h``foaxu`o cax m ~mxt ac tb` mjapft m~~`mxgfd ta h` op` af tb` gfutxpj`ft& Gf atb`x axou, m

~mxtgml `foaxu`j`ft bgeb txmfuc`xu tb` xgdbt ta x`e`gs` aflw m ~mxt ~mwj`ft ac tb` mjapft

op` af tb` gfutxpj`ft gu gfsmlgo&

?& X`utxgetgs` @foaxu`j`ft ; Mf `foaxu`j`ft bgeb, hw `r~x`uu axou , ~xabghgtu tb`

`foaxu`` cxaj cpxtb`x f`datgmtgfd tb` gfutxpj`ft mu ogx`et`o hw tb` `foaxu`x gu emll`o

x`utxgetgs` `foaxu`j`ft& _b` `foaxu`x `re`~t tb` xgdbt ac cpxtb`x f`datgmtgaf&

0& Eafogtgafml @foaxu`j`ft ; Gc tb` `foaxu`x ac m f`datgmhl` gfutxpj`ft, hw `r~x`uu

axou gf tb` `foaxu`j`ft, jmi`u bgu lgmhglgtw, o`~`fo`ft af tb` bm~~`fgfd ac m u~`egcg`o

`s`ft, mltbapdb upeb `s`ft jmw f`s`x bm~~`f, upeb `foaxu`j`ft gu emll`o m eafogtgafml`foaxu`j`ft&

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U~xgfd 8>=>"Kmf*Kpf`'

Gf tb` emu` ac m eafogtgafml `foaxu`j`ft tb` lgmhglgtw ac tb` `foaxu`x aplo mxgu` aflw p~af

tb` bm~~`fgfd ac tb` `s`ft u~`egcg`o& Hpt tb` `foaxu`` emf up` atb`x ~xgax ~mxtg`u `&d tb`

jmi`x, mee`~tax `te&, gc tb` gfutxpj`ft gu fat oplw j`t mt jmtpxgtw, `s`f tbapdb tb` u~`egcg`o

`s`ft ogo fat bm~~`f&

]3& Tbw oa wap tbgfi mf mdx``j`ft ta tmi` m ~`xuaf ta jaaf cax m balgomw emffat h` m

eaftxmet1

Mfut`x ; _b` `uu`ftgmlu ac m smlgo eaftxmet utmt` tbmt tb` t`xj ac mdx``j`ft ubaplo h`

em~mhl` ac h`gfd ~`xcaxj`o mfo ubaplo h` e`xtmgf& _migfd m ~`xuaf ta tb` jaaf cax balgomw

emffat h` smlgo eaftxmet h`empu` f`gtb`x tb` metgsgtw gu h`gfd gu em~mhl` ac h`gfd ~`xcaxj`o gf

tb` f`mx cptpx` fax gt gu e`xtmgf tbmt uaj`af` jmigfd upeb igfo ac ~xajgu` gll h` mhl` ta

cplcgll& T` mll ifa tbmt jaaf jguugafu mx` jpltg*hgllgaf ~xak etu mfo mx` cpfo`o hw

das`xfj`ftu, ua uaj`af` jmigfd upeb ~xajgu` aplo aflw h` m cxmpo& _b` das`xfj`ft lm

bmu mlua fat w`t mptbaxg{`o mfw md`few ax ~`xuaf ta jmi` upeb eaftxmetu ua mfw md`few ax

~`xuaf ~xajgugfd uaj`af` m balgomw af tb` jaaf gu pflmcpl bgeb gu mlua mf `uu`ftgml t`xjac m smlgo eaftxmet&

8/9/2019 MB0035 Legal Aspects of Business Assignment

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U~xgfd 8>=>"Kmf*Kpf`'

JHM*U@J GGG

JH>>50 L`dml Mu~`etu ac Hpugf`uu

Muugdfj`ft U`t* 8

]=& Tbmt gu ~xae`uu cax mf `ft`x~xgu` ta d`t gfeax~axmt`o mu m eaj~mfw1

Mfu`x ; Mfw u`s`f ax jax` ~`xuafu ax b`x` tb` eaj~mfw ta h` caxj`o gll h` m ~xgsmt`

eaj~mfw, mfw ta ax jax` ~`xuafu, muuaegmt`o cax mfw lmcpl ~px~au` jmw, hw uphuexghgfd

tb`gx fmj` ta m j`jaxmfopj ac muuaegmtgafu mfo atb`xgu` eaj~lwgfd gtb tb` x`}pgx`j`ft

ac tbgu Met gf x`u~`et ac x`dgutxmtgaf, caxj mf gfeax~axmt`o eaj~mfw, gtb ax gtbapt lgjgt`o

lgmhglgtw&

Oaepj`ftu ta h` cgl`o cax x`dgutxmtgaf; Mct`x mue`xtmgfgfd tb` msmglmhglgtw ac fmj`, tb`

~xajat`x ubaplo ~xae``o ta ~x`~mx` tb` callagfd oaepj`ftu mfo cgl` gtb tb` X`dgutxmx ac

eaj~mfg`u;

=& J`jaxmfopj ac Muuaegmtgaf; _b` j`jaxmfopj ac muuaegmtgaf gu tb` ebmxt`x ac tb`

eaj~mfw& _bgu gfelpo`u gtu ahk`etgs`u, gtu fmj`, tb` moox`uu ac gtu x`dgut`x`o accge`,

tb` em~gtml bgeb tb` eaj~mfw gu mptbaxgu`o hw lm, tb` fmtpx` ac lgmhglgtw ac j`jh`xu

mu `ll mu tb` fmj`u, moox`uu`u mfo mdx``j`ft ac ~`a~l` ba mdx`` ta caxj m

eaj~mfw&

8& Mxtgel`u ac Muuaegmtgaf; _b` atb`x gj~axtmft oaepj`ft gu tb` mxtgel u ac muuaegmtgaf

bgeb eaftmgfu tb` xpl`u mfo x`dplmtgafu x`lmtgfd ta tb` gft`xfml jmfmd`j`ft ac tb`

eaj~mfw& Ba`s`x, gt gu fat f`e`uumxw cax m ~phlge eaj~mfw lgjgt`o hw ubmx`u ta cgl`

tb` Mxtgel`u ac Muuaegmtgaf& Gc upeb ~phlge eaj~mfw oa`u fat cgl Mxtgel`u ac

Muuaegmtgaf, gt gu o``j`o ta bms` moa~t`o _mhl` M ac ueb`opl` G ac tb` Met&

5& Ea~w ac ~xa~au`o mdx``j`ft; Gc m eaj~mfw ~px~au`u ta `ft`x gfta mf mdx``j`ft

gtb mfw gfogsgopml cax m~~agftj`ft mu m Jmfmdgfd Ogx`etax, ax m bal`*tgj` ogx`etax

ax jmfmd`x, m ea~w ac upeb mf mdx``j`ft ubaplo mlua h` cgl`o gtb tb` X`dgutxmx ac

eaj~mfg`u&

?& Eafu`ft ac tb` Ogx`etaxu; Meeaxogfd ta U`etgaf 833, gf tb` emu` ac m ~phlge lgjgt`o

eaj~mfw bmsgfd ubmx` em~gtml, m ~`xuaf emffat h` m~~agft`o mu m Ogx`etax hw tb`

Mxtgel`u ac Muuaegmtgaf pfl`uu, b` bmu, h`cax` tb` x`dgutxmtgaf ac tb` mxtgel`u, `gtb`x

bgju`lc ax tbxapdb bgu md`ft, ugdf`o mfo cgl`o, gtb tb` X`dgutxmx bgu eafu`ft gf

xgtgfd ta met mu Ogx`etax&

]8& O`uexgh` gf o`tmgl tb` elmpu`u gf tb` J`jaxmfopj ac Muuaegmtgaf&Mfu`x ; U`etgaf 8"82' o`cgf`u gt mu _b` J`jaxmfopj ac Muuaegmtgaf ac m eaj~mfw mu

axgdgfmllw cxmj`o ax mu mlt`x`o cxaj tgj` ta tgj` gf ~pxupmfe` ac mfw ~x`sgapu eaj~mfg`u ax

ac tbgu Met& Gt u`tu apt tb` eafutgtptgaf ac tb` eaj~mfw mfo o`cgf`u tb` uea~` ac tb` metgsgtg`u

ac tb` eaj~mfw& Gt gu tb` capfomtgaf af bgeb tb` utxpetpx` ac tb` eaj~mfw o`~`fou& Gt mlua

o`cgf`u tb` x`lmtgafubg~ ac tb` eaj~mfw gtb tb` ~phlge& Mu tb` gft`x`utu ac tb` ubmx`balo`xu,

ex`ogtaxu mfo atb`x j`jh`xu ac tb` ~phlge mx` ta h` ~xat`et`o hw lm, tbgu oaepj`ft emffat h`

mlt`x`o `muglw& Gt mu x`dmxo`o mu mf pfmlt`xmhl` ebmxt`x ac m eaj~mfw gf @fdlmfo, pftgl tb`

w`mx =72>, b`f tb` Met mu mj`fo`o ta mlla mlt`xmtgafu gf e`xtmgf emu`u mfo ta m e`xtmgf

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U~xgfd 8>=>"Kmf*Kpf`'

`rt`ft& U`etgaf =3 ac tb` Gfogmf Eaj~mfg`u Met lmwu oaf tbmt tb` eafogtgafu gf tb`

j`jaxmfopj emffat h` mlt`x`o `re`~t gf tb` emu`u mfo gf tb` jmff`x mfo ta tb` `rt`ft

~xasgo`o gf tb` Met&

Eaft`ftu ac J`jaxmfopj ac Muuaegmtgaf "U`etgaf =5';

g' Fmj` elmpu`; M eaj~mfw jmw bms` mfw fmj` bgeb gu fat pfo`ugxmhl` gf tb` sg` ac

tb` E`ftxml Das`xfj`ft& Cax `rmj~l`, tb` fmj` emffat h` go`ftgeml ax ugjglmx ta tb`

fmj` ac mfatb`x `rgutgfd eaj~mfw& Gt jput eaftmgf mt gtu `fo, tb` axo Lgjgt`o gc gt gu m

~phlge lgjgt`o eaj~mfw ax tb` axou ^xgsmt` Lgjgt`o gc gt gu m ~xgsmt` lgjgt`o eaj~mfw&

Hpt eaj~mfg`u caxj`o cax tb` ~xajatgaf ac mxt, ueg`fe`, `te&, jmw h` `r`j~t`o cxaj

moogfd axou Lgjgt`o ax ^xgsmt` Lgjgt`o mu tb` emu` jmw h`, hw j`mfu ac d`f`xml ax

u~`egml axo`x dxmft`o hw tb` E`ftxml Das`xfj`ft pfo`x U`etgaf 80& U`etgaf =?4"=' lmwu

oaf tbmt tb` fmj` jput m~~`mx af tb` aptugo` ac `s`xw accge` ax ~lme` ac hpugf`uu gf m

eafu~gepapu jmff`x mfo af mll hgllu, fatge`u, `te&, ac tb` eaj~mfw&

gg' _b` Ugtpmtgaf Elmpu`; Gt ubau tb` Utmt` gf bgeb tb` x`dgut`x`o accge` ac tb`

eaj~mfw gu ugtpmt`o&

ggg' _b` Ahk`etu Elmpu`; Gt utmt`u u`~mxmt`lw "=' tb` jmgf ahk`etu mfo ahk`etu mfegllmxw ax

gfego`ftml ta tb` jmgf ahk`etu ta h` ~pxup`o hw tb` eaj~mfw mfo "8' atb`x ahk`etu& Gt

o`cgf`u tb` ~a`xu ac tb` eaj~mfw h`wafo bgeb, tb` eaj~mfw emffat met& Hpt gt emffat

eaftmgf tb` ahk`etu ax ~a`xu bgeb mx` eaftxmxw ta tb` ~xasgugafu ac tb` Met&

gs' _b` Lgmhglgtw Elmpu`; Gt utmt`u b`tb`x tb` lgmhglgtw ac tb` j`jh`xu gu lgjgt`o ta tb`

`rt`ft ac tb` fajgfml smlp` ac tb` ubmx`u ax tb` `rt`ft ac tb` mjapft dpmxmft``o hw tb`j`jh`xu ax pflgjgt`o&

s' _b` Em~gtml Elmpu`; Gt utmt`u tb` mjapft ac tb` em~gtml mfo tb` mw gf bgeb gt gu ta

h` ogsgo`o gfta ubmx`u&

sg' _b` Muuaegmtgaf mfo Uphuexg~tgaf Elmpu`; Mll tb` ugdfmtaxg`u ac tb` j`jaxmfopj

jmi` m o`elmxmtgaf tbmt tb`w mx` o`ugxapu ac caxjgfd tb`ju`ls`u gfta m eaj~mfw mfo tbmt

tb`w mdx`` ta tmi` tb` fpjh`x ac ubmx`u j`ftgaf`o mdmgfut tb`gx x`u~`etgs` fmj`u dgs`f

tb`x`gf, gtb tb`gx moox`uu`u mfo aeep~mtgafu&

]5& Oguepuu tb` f``o cax tb` o`s`la~j`ft ac ewh`x lmu&

Mfu`x ; Gf tb` ?7tb w`mx ac Gfogmf gfo`~`fo`fe`, Gft`xf`t mu eajj`xegmllw gftxaope`o gf

Gfogm& _b` h`dgffgfdu ac Gft`xf`t `x` ujmll mfo tb` dxatb ac uphuexgh`xu ~mgfcpllw ula&

Ba`s`x, mu Gft`xf`t bmu dxaf, tb` f``o bmu h``f c`lt ta `fmet tb` x`l`smft Ewh`x lmu,

bgeb mx` f`e`uumxw ta x`dplmt` Gft`xf`t gf Gfogm& _bgu f``o cax Ewh`x lmu mu ~xa~`ll`o hw

fpj`xapu cmetaxu&

Cgxutlw, Gfogm bmu mf `rtx`j`lw o`tmgl`o mfo `ll*o`cgf`o l`dml uwut`j gf ~lme`& Fpj`xapu

lmu bms` h``f `fmet`o mfo gj~l`j`ft`o mfo tb` ~mxmjapft mjafd tb`j gu _b` Eafutgtptgafac Gfogm& T` bms` smxgapu lmu lgi` Gfogmf ^`fml Eao`, =23>, _b` Gfogmf @sgo`fe` Mt, =248,

_b` Hmfi`xu Haai @sgo`fe` Met, =27=, _b` X`u`xs` Hmfi ac Gfogm Met, =75?, _b`

8/9/2019 MB0035 Legal Aspects of Business Assignment

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U~xgfd 8>=>"Kmf*Kpf`'

Eaj~mfg`u Met, =703, mfo ua af& Ba`s`x, tb` mxxgsml ac Gft`xf`t ugdfml`o tb` h`dgffgfd ac

tb` xgu` ac f` mfo eaj~l`r l`dml guup`u& Gt jmw h` ~`xtgf`ft ta j`ftgaf tbmt mll tb` `rgutgfd

lmu gf ~lme` gf Gfogm `x` `fmet`o i``~gfd gf jgfo tb` x`l`smft ~algtgeml, uaegml, `eafajge,

mfo epltpxml ue`fmxga ac tbmt tgj`& Fahaow tb`f eaplo x`mllw sgupmlg{` tb` `j`xd`fe` ac tb`

Gft`xf`t& O`u~gt` tb` hxgllgmft mepj`f ac apx jmut`x oxmctuj`f, tb` x`}pgx`j`ftu ac

ewh`xu~me` eaplo bmxolw h` mftgeg~mt`o& _b` mosmfe`j`ft ac Gft`xf`t l`o ta tb` `j`xd`fe` acfpj`xapu tgeilgub l`dml guup`u mfo ~xahl`ju, bgeb f`e`uugtmt`o tb` `fmetj`ft ac Ewh`x

Lmu&

U`eafolw, tb` `rgutgfd lmu ac Gfogm eaplo fat h` gft`x~x`t`o gf tb` lgdbt ac tb` `j`xdgfd

ewh`xu~me`, ta gfelpo` mll mu~`etu x`lmtgfd ta ogcc`x`ft metgsgtg`u gf ewh`xu~me`&

_bgxolw, faf` ac tb` `rgutgfd lmu dms` mfw l`dml smlgogtw ax umfetgaf ta tb` metgsgtg`u gf

Ewh`xu~me`& Cax `rmj~l`, tb` F`t gu pu`o hw m lmxd` jmkaxgtw ac pu`xu cax `jmgl ~px~au`u&

W`t, `*jmgl mu fat l`dml gf apx eapftxw& _b`x` mu fa lm gf tb` eapftxw, bgeb meeaxo`o

l`dml umfetgtw ta `*jmgl mfo tb` `l`etxafge caxjmt& _b` kpogegmxw gf apx eapftxw bmo h``f

x`lpetmft ta dxmft kpogegml x`eadfgtgaf ta tb` l`dmlgtw ac `*jmgl gf tb` mhu`fe` ac mfw u~`egcgelm bmsgfd h``f `fmet`o hw ^mxlgmj`ft af tb` uphk`et& _bpu tb` f``o mxau` cax `fmetgfd

Ewh`x Lm gf apx eapftxw&

Capxtblw, Gft`xf`t x`}pgx`u mf `fmhlgfd mfo up~~axtgs` l`dml gfcxmutxpetpx` gf tgj` gtb tb`

tgj`u& _bgu l`dml gfcxmutxpetpx` emf aflw h` dgs`f hw tb` `fmetj`ft ac tb` x`l`smft Ewh`x

Lmu mu tb` txmogtgafml lmu bms` cmgl`o ta ~xasgo` gt& @*eajj`xe`, tb` hgdd`ut cptpx` ac

Gft`xf`t, emf aflw h` ~auughl` gc f`e`uumxw l`dml gfcxmutxpetpx` eaj~l`j`ftu tb` umj` ta

`fmhl` gtu sghxmft dxatb& Mu upeb, mf pxd`ft f``o mu c`lt cax `fmetgfd Ewh`x Lm gf apx

eapftxw& H`empu` ac tb` mfafwjapu fmtpx` ac Gft`xf`t, gt gu ~auughl` ta `fdmd` gf m smxg`tw ac

exgjgfml metgsgtg`u gtb gj~pfgtw, mfo ~`a~l` gtb gft`llgd`fe`, bms` h``f dxauulw jgupugfd

tbgu mu~`et ac tb` Gft`xf`t ta eajjgt exgjgfml metgsgtg`u gf ewh`xu~me`& _b` cg`lo ac ewh`x

exgj` gu kput `j`xdgfd mfo f` caxju ac exgjgfml metgsgtg`u gf ewh`xu~me` mx` eajgfd ta tb`

cax`cxaft `meb omw& Cax `rmj~l`, ebglo ~axfadxm~bw af Gft`xf`t eafutgtpt`u af` u`xgapu ewh`x

exgj`& Ugjglmxlw, aflgf` ~`oa~bgl`u, pugfd Gft`xf`t ta gfope` jgfax ebglox`f gfta u`r, mx` mu

jpeb ewh`x exgj`u mu mfw atb`xu&

]?& Tbmt oa wap j`mf hw mmxo gtb x`c`x`fe` gf mxhgtxmtgaf1

Mfut`x ; Mtmxo j`mfu mf mxhgxml mtmxo& G gu m cgfml o`egugaf ax kpod`j`f ac b` mxhgxml xghpfml af

mll jm`xu x`c`xx`o a g& Mf mtmxo gf axo`x a h` smlgo jpu h` cgfml, e`xmgf mfo jpu o`ego` mll b`

jm`xu x`c`xx`o a& Mf mtmxo hw b` mxhgxmax gu mu hgfogfd gf gu fmpx` mu b` kpod`j`f ac m eapx&

Mxhgtxml mmxo gfelpo`u mf gft`xgj mmxo

_b`x` mx` ta tw~`u ac o`egugafu ta h` jmo` hw tb` mxhgtxml txghpfml g&`& o`egugaf af tb` j`xgtu

ac tb` ogu~pt` mfo o`egugaf af }p`utgafu ac ~xae`opx`& O`egugaf af j`xgtu ac ogu~pt` gu ta h`

jmo` hw tb`, jmkaxgtw ac j`jh`xu ac tb` mxhgtxml txghpfml hpt }p`utgaf ac ~xae`opx` emf h`

o`ego`o hw tb` ~x`ugogfd mxhgtxmtax, gc mptbaxgu`o hw tb` ~mxtg`u ax mll j`jh`xu ac tb` mxhgtxml

txghpfml& Gf tb` mhu`fe` ac upeb mptbaxgumtgaf hw tb` ~mxtg`u ax atb`x j`jh`xu ac tb` txghpfml,

tb` o`egugaf af }p`utgaf ac ~xae`opx` gu mlua ta h` jmo` hw jmkaxgtw ac j`jh`xu ac tb`

mxhgtxml txghpfml& Gf tb` mhu`fe` ac upeb mptbaxgumtgaf hw tb` ~mxtg`u ax atb`x j`jh xu ac tb`

txghpfml, tb` o`egugaf af }p`utgaf ac ~xae`opx` gu mlua ta h` jmo` hw jmkaxgtw ac j`jh`xu actb` mxhgtxml txghpfml& _b` ~x`ugogfd mxhgtxmtax bmu fat h``f dgs`f mfw u~`egml ~a`x mfo b` metu

8/9/2019 MB0035 Legal Aspects of Business Assignment

13/15

U~xgfd 8>=>"Kmf*Kpf`'

lgi` mfw atb`x mxhgtxmtax& Mll mxhgtxmtaxu bms` h``f dgs`f `}pml ~a`x gxx`u~`etgs` ac jao` ac

m~~agftj`ft&

@uu`ftgmlu ac mf Mxhgtxml Mmxo

U`etgaf 5= o`mlu gtb tb` caxj mfo eaft`ftu ac tb` mxhgtxml mmxo& _b` ~xasgugafu ac U`etgaf5= mx` oguepuu`o gf tb` caxj ac `uu`ftgmlu bgeb mx` mu pfo`x;

=& Mf mxhgtxmtgaf mdx``j`ft gu x`}pgx`o ta h` gf xgtgfd& Ugjglmxlw, m x`c x`fe` ta

mxhgtxmtgaf mfo mmxo gu mlua x`}pgx`o ta h` jmo` gf xgtgfd& _b` mxhgtxml mmxo gu

x`}pgx`o ta h` jmo` af utmj~ ~m~`x ac ~x`uexgh`o smlp`& Mf axml o`egugaf gu fat mf

mmxo pfo`x tb` lm&

8& _b` mmxo gu ta h` ugdf`o hw tb` j`jh`xu ac tb` mxhgtxml txghpfml& Ba`s`x, tb`

ugdfmtpx`u ac jmkaxgtw ac mll tb` j`jh`xu ac tb` txghpfml mx` upccgeg`ft gc tb` x`muaf cax

mfw ajgtt`o ugdfmtpx` gu utmt`o&

5& Pfl uu tb` mdx``j`ft ~xasgo`u atb`xgu`, tb` mxhgtxmtax jput dgs` x`muafu cax tb`

mmxo& _bpu, tb` jmigfd ac mf mmxo gu m xmtgafml ~xae`uu bgeb gu mee`ftpmt`o hwx`eaxogfd tb` x`muafu& Ba`s`x, tb`x` mx` ta `re`~tgafu b x` mmxo gtbapt

x`muafu gu smlgo g&`&

"m' Tb`x` tb` mxhgtxmtgaf mdx``j`ft `r~x`uulw ~xasgo`u tbmt fa x`muafu mx` ta

h` dgs`f, ax

"h' Tb`x` tb` mmxo bmu h``f pfo`x u`etgaf 5> ac tb` f` Met g&`& b`x` tb`

~mxtg`u u`ttl`o tb` ogu~pt` mfo tb` mxhgtxml txghpfml bmu x`eaxo`o tb` u`ttl`j`ft gf

tb` caxj ac mf mxhgtxml mmxo af mdx``o t`xju&

?& _b` mmxo ubaplo h` omt o g&`& tb` omt ac tb` jmigfd ac tb` mmxo ubaplo h`

j`ftgaf`o gf tb` mmxo&

0& _b` mxhgtxml txghpfml ubmll utmt` tb` ~lme` ac mxhgtxmtgaf gf tb` mmxo&

3& _b` mxhgtxml txghpfml jmw gfelpo` gf tb` upj cax bgeb mmxo gu jmo`, gft`x`ut p~ ta

tb` omt` ac mmxo mfo mlua m ogx`etgaf x`dmxogfd cptpx` gft`x ut& _b` xmt` ac gft`x`ut ubmll

h` `gdbt``f ~`x e`ft&

4& _b` mmxo jmw mlua gfelpo` o`egugafu mfo ogx etgafu ac tb` mxhgtxmtax x`dmxogfd tb`

eaut ac tb` mxhgtxmtgaf&

2& Mct`x tb` mmxo gu jmo , m ugdf`o ea~w ubaplo h` o`lgs`x`o ta `meb ~mxtw cax

m~~xa~xgmt` metgaf&

7& _b` mxhgtxml txghpfml jmw, mt mfw tgj` opxgfd tb` mxhgtxml ~xae``ogfdu, jmi` mf

gft`xgj mxhgtxml mmxo af mfw jmtt`x gtb x`u~`et ta bgeb gt jmw jmi` m cgfml mxhgtxml

mmxo&

8/9/2019 MB0035 Legal Aspects of Business Assignment

14/15

U~xgfd 8>=>"Kmf*Kpf`'

]0& Ba gu m eafupj`x o`cgf`o gf tb` Eafupj`x ^xat`etgaf Met1 Oguepuu&

Mfu`x ; Eafupj`x j`mfu mfw ~`xuaf ba; "g' Hpwu mfw daaou cax m eafugo`xmtgaf bgeb

bmu h``f ~mgo ax ~xajgu`o, ax ~mxtlw ~mgo mfo ~mxtlw ~xajgu`o, ax pfo`x m uwut`j ac o`c`xx`o

~mwj`ft, ax "gg' Bgx`u mfw u`xsge`u cax m eafugo`xmtgaf bgeb bmu h``f ~mgo ax ~xajgu`o, ax

~mxtlw ~mgo mfo ~mxtlw ~xajgu`o, ax pfo`x m uwut`j ac o`c`xx`o ~mwj`ft g&`&, gf x`u~`et ac bgx`*

~pxebmu`, txmfumetgafu, YU`e& 8"o'Z&

_bpu, eafupj`x gu m ~`xuaf ba "g' hpwu mfw daaou cax m eafugo`xmtgaf, ax "gg' bgx`u ax msmglu

mfw u`xsge`u cax m eafugo`xmtgaf& Gf moogtgaf ta hpw`x"u' ac daaou ax bgx`x"u' ax pu`x"u' ac

u`xsge`u, mfw h`f`cgegmxw ac upeb u`xsge`u, pugfd tb` daaou!u`xsge`u gtb tb` m~~xasml ac

~pxebmu`x ax bgx`x ax pu`x aplo mlua h` m o``j`o m Eafupj`x pfo`x tb` Met& _b` goa ac

tb` o`e`mu`o ^algew balo`x mu b`lo mu eafupj`x pfo`x tb` Met hw tb` Utmt` Eajjguugaf ac

M&^& gf tb` emu` ac M su& LGE ac Gfogm& _b` eafugo`xmtgaf jmw h` `gtb`x ~mgo ax ~xajgu`o, ax

~mxtlw ~mgo mfo ~mxtlw ~xajgu`o ax pfo`x mfw uwut`j ac o`c`xx`o ~mwj`ft& _b` Met tbpu

eas`xu txmfumetgafu cax tb` up~~lw ac daaou mfo x`fo`xgfd ac u`xsge`u&

Hpw`x ac daaou cax eafugo`xmtgaf; _b` Met, pflgi` tb` Uml` ac Daaou Met, oa`u fat gfugut af

jaf`w eafugo`xmtgaf aflw& _xmfumetgafu ac txmfuc`x ac u`xsge`u, ax hmxt`x, ax `rebmfd` gll

eaj` gtbgf tb` ~pxsg` ac tb` Met& _b` pu`x ac upeb daaou, gtb tb` m~~xasml ac tb` hpw`x

ac daaou, gu mlua m eafupj`x mu ~`x tb` Met& Hpt meeaxogfd ta U`etgaf 8"o' ac tb` Met, tb` t`xj

eafupj`x oa`u fat gfelpo` m ~`xuaf ba ahtmgfu upeb daaou cax x`uml` ax cax mfw eajj`xegml

~px~au`& _bpu m ~pxebmu`x ac daaou cax x`u`llgfd tb`j ax m ~pxebmu`x ac m tmrg cax ~lwgfd tb`

umj` af bgx`, m ~pxebmu`x ac m S&E&X& cax xpffgfd m sgo`a lghxmxw, ax ~pxebmu`x ac jmebgf`xw

cax bgu eajj`xegml `utmhlgubj`ft gu fat m eafupj`x& Ba`s x, meeaxogfd ta Eafupj`x

^xat`etgaf "Mj`fo`o' Met =775, m ~`xuaf ba ~pxebmu`u taalu ax jmebgf`xw pfo`x u`lc*

`j~lawj`ft ueb`j` gu mlua m eafupj`x&

Bgx`x ac u`xsge`u cax eafugo`xmtgaf; Mfw ~`xuaf ba bgx`u u`xsge`u cax m eafugo`xmtgaf gu m

eafupj`x& Eafupj`x, fat aflw j`mfu j`x`lw af` ba bgx`u u`xsge`u cax eafugo`xmtgaf, hpt

mlua gfelpo`u m ~`xuaf ba gu m h`f`cgegmxw ac upeb u`xsge`u& Cax `rmj~l`, tb` pu`x ac m

t`l`~baf`, `s`f tbapdb b` gu fat bgju`lc tb` uphuexgh`x gu m eafupj`x pfo`x tb` Met& U`xsge`u

gfelpo` mll igfou ac ~xac`uugafml u`xsge`u, h` gt tb` xaptgf` u`xsge`u ac m hmxh`x ax tb` t`ebfgeml

u`xsge`u ac m bgdblw }pmlgcg`o ~`xuaf& Cax `rmj~l`, up~~lw ac `l`etxgegtw bmu h``f b`lo ta h` m

u`xsge` mfo fat uml` ac daaou& _b` u`xsge`u jput h` ac eajj`xegml fmtpx` gf tb` u`fu` tbmt

tb`w jput h` af ~mwj`ft& _b` ~mwj`ftu jmw h` gf emub ax igfo& Gt jmw h` jmo` `gtb`x mt

afe`, ax ~mxtlw mt afe`, ax ~mxtlw af ex`ogt& _b` u`xsge`u jmw h` x`fo`x`o ballw ax ~mxtlw af

ex`ogt& Ba`s`x, cx`` u`xsge`u ax ~`xuafml u`xsge` pfo`x m eaftxmet bms` h``f `relpo`o cxaj

tb` ~xat`etgs` u~`ll ac tb` Eafupj`x ^xat`etgaf Met

8/9/2019 MB0035 Legal Aspects of Business Assignment

15/15

U~xgfd 8>=>"Kmf*Kpf`'

]3&Pfo`xtmi` m upxs`w ac 8> uba~u mfo xgt` m x`~axt af tb` ~xasgugafu h`gfd

jmgftmgf`o gf tb`u` uba~u mu ~`x tb` Uba~u mfo @utmhlgubj`ftu Met&

Mfu`x ;^xasgugafu M~~lgemhl` ta Uba~u "U`etgafu 4*=='

A~`fgfd mfo Elaugfd Bapxu ac Uba~u;Fa uba~ ubmll af mfw omw h` a~`f`o `mxlg`x ax elau`o

lmt`x tbmf upeb bapxu mu cgr`o hw tb` Utmt` Das`xfj`ft& Mfw eputaj`x ba mu h`gfd u`xs`o

ax mu mgtgfd ta h` u`xs`o gf mfw uba~ mt tb` bapx cgr`o cax gtu elaugfd jmw h` u`xs`o opxgfd

tb` }pmxt`x ac mf bapx gjj`ogmt`lw callagfd upeb mf bapx& Fa ~`xuaf ubmll emxxw af, gf ax

mokme`ft ta m utx``t ax ~phlge ~lme`, tb` uml` ac mfw daaou mct`x tb` bapx cgr`o cax elaugfd ac

uba~u o`mlgfd gf tb` umj` elmuu ac daaou `re`~t f`u~m~`xu gf tbmt laemlgtw, g&`&, u`llgfd

aptugo` tb` uba~ gu ~xabghgt`o mct`x elaugfd bapx&

Omglw mfo T``ilw Bapxu ac Taxi gf Uba~u; Fa ~`xuaf `j~law`o gf mfw uba~ ubmll h`

x`}pgx`o ax mlla`o ta axi tb`x`gf cax jax` tbmf `gdbt bapxu gf mfw omw mfo ?2 bapxu gf mfw

``i& Gc mfw upeb ~`xuafu axi cax mfw ~`xgao gf `re`uu ac tb` tgj` lgjgt cgr`o, b` gu `ftgtl`ota as`xtgj` md`u& Ba`s`x, tb` ~`xgao ac axi gfelpogfd as`xtgj` axi, ubmll fat `re``o

=> bapxu gf mfw omw mfo gf tb` mddx`dmt` 0> bapxu gf mfw ``i& Cpxtb`x, b` ubaplo h` dgs`f

mf gft`xsml cax x`ut ac mt l`mut af` bapx mct`x capx bapxu ac axi gf mfw omw& _b` u~x`mo*as`x

ac axi ~`xgaou ac upeb m ~`xuaf gu fat ta `re``o jax` tbmf =8 bapxu gf mfw gfelpogfd tb`

gft`xsmlu cax x`ut&

Elaugfd ac Uba~u mfo Dxmft ac "T``ilw mfo Moogtgafml' Balgomwu; @s`xw uba~ gu ta

x`jmgf `ftgx lw elau`o af af` omw ac tb` ``i& _b` uba~*i``~`x bmu ta u~`egcw tbmt omw gf m

fatge` `rbghgt`o gf m eafu~gepapu ~lme` gf tb` uba~ mfo tb` omw ua u~`egcg`o gu fat ta h`

mlt`x`o hw tb` uba~*i``~`x jax` tbmf afe` gf tbx`` jaftbu& @s`xw ~`xuaf `j~law`o gf m uba~

gu ta h` mlla`o gf `meb ``i m balgomw ac af` bal` omw& _bgu ~xasgugaf gu fat m~~lgemhl` ta

mfw ~`xuaf bau` ~`xgao ac `j~lawj`ft, gf tb` ``i gfelpogfd mfw omwu u~`ft af mptbaxgu`o

l`ms`, gu l`uu tbmf ugr omwu ax m ~`xuaf ba bmu h``f mlla`o m bal` balgomw af tb` omw af

bgeb tb` uba~ bmu x`jmgf`o elau`o&

H`ugo`u af` bal` omw, tb` Utmt` Das`xfj`ft jmw hw Fatgcgemtgaf x`}pgx` uba~u ta h` elau`o

mt upeb bapx gf tb` mct`xfaaf ac af` ``iomw gf `s`xw ``i& @s`xw ~`xuaf `j~law`o gf mfw

upeb fatgcg`o uba~"u' gu ta h` mlla`o gf `meb ``i mf moogtgafml balgomw ac af`*bmlc omw& _b`

Utmt` Das`xfj`ft jmw, cax tbgu ~px~au` cgr ogcc`x`ft bapxu cax ogcc`x`ft uba~u ax ogcc`x`ft

elmuu`u ac uba~u ax cax ogcc`x`ft mx`mu ax cax ogcc`x`ft tgj`u ac tb` w`mx& _b`x` ubaplo h` fa

o`opetgaf ac md`u ac mfw ~`xuaf `j~law`o gf m uba~ af meeapft ac ``ilw balgomw "af`bal` omw' mfo moogtgafml balgomw "af`*bmlc omw'&