Cedric Monroe is on the Board of Directors of Ikonia Inc., a company that specializes in developing customized marketing strategies. Cedric recruited two Ikonia executives to join him in starting a...

Employment Law
1.
It can be said that the answer to the question is highly dependent on the fact that upon what type of the Contractual Obligation in terms of the Directors are towards the business as well as firm. It has been observed that in the contractual obligation both employees and the employers are responsible for the contract agreement legally. Therefore, it becomes extremely vital that both of the parties follow their sides concerning the contract. In some of the states, the employment rules and regulation tends to vary to a great extent. For instance, in some of the states, it is stated that one cannot start any other business when they agree to terms of working with the present company. On the other hand, there are some of the states that have highlighted the fact that they will accept someone doing another business while committed to a business provided they have some valid reason behind it. In both of the cases, the contract of employment under the contractual obligation is different....