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Instructions:
Agreement Breaches Business Law Discussion
I’m working on a business law writing question and need support to help me learn.
Many of you may have watched Friends when it was on television and may even still watch the reruns. In 2000, the case of Friends, one of the hottest shows on television, demanded a pay increase. The demand was made with a valid contract in place and near the time NBC was to announce its fall lineup. The six stars demanded $1,000,000 each per episode. NBC settled for $750,000 per star, up from the stars’ $150,000 per episode figure renegotiated in 1998.
When stars seek to renegotiate contracts before their expiration, the network can replace them if they fail to live up to their contracts, and it can enforce the standard contractual clause, which prohibits them from doing other television work until the expiration of their contracts. Recasting six stars for a highly successful show would not be feasible. To offset the stars’ bargaining power, NBC prepared a television promotion that would relabel the last show for that season as the “series finale” and announce “See how it all ends on Friends.” The cast were informed of NBC’s threat to end the series in this manner. Renegotiations quickly ensued and led to the $750,000 agreement. Two years later the six stars obtained their goal of $1 million per episode paychecks.
Jay Leno was asked about the tactics of the Friends stars. He responded, “You have to get what you can while you can in this business.
What is a breach? Did the cast commit an anticipatory breach or a breach when they asked for more money during the contract? If the cast is found to be in breach, what type of remedies could NBC recover? Do you agree/disagree with Jay Leno’s comments?
Agreement Breaches Business Law Discussion
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Agreement Breaches Business Law Discussion |
Agreement Breaches Business Law Discussion