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Contract

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Subject
Business
Type
Homework
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Running head: INSURANCE CONTRACT
Michael Weller
Professor
Business 125
30 September 2017
Insurance Contract
The paper dwells on insurance premium contracts between car owners and a JUBILEE Insurance
Agency dated 24
th
/May/2017. The date marked the effective date when the contract commenced
when JUBILEE Insurance Agency agreed to protect its clients’ cars and additional belonging
enshrined in the contract. A client pays a premium fee of $ 300 which could vary depending on
the car type that one insures. A cargo truck for instance could pay up to $ 500 for an entire year.
The contract agreement spanned the fundamental features that could get damaged in car during
an accident, fire or theft. Occupants of the vehicle stand to get remunerated in the event they get
injured during an event like an accident or fires. The paper discusses pertinent issues to the
insurance contract that include intellectual property, breach of contract and payments and
royalties.
The paper discusses intellectual property clause that’s a basic feature in such kind contracts. The
intellectual property defines innovations that emanate from a given insurance agency which
doesn’t occur in other insurance firms. Any intellectual property of a company remains their
right and any company intending to use the right must borrow according to article 3.1. Miller 88
indicated that another company might use the intellectual rights of another company once it gets
into an agreement with the original owner to use them for a period. Once a company acquires
JUBILEE’s intellectual property, it ought to utilize the rights in the stipulated agreement.

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Running head: INSURANCE CONTRACT Michael Weller Professor Business 125 30 September 2017 Insurance Contract The paper dwells on insurance premium contracts between car owners and a JUBILEE Insurance Agency dated 24th/May/2017. The date marked the effective date when the contract commenced when JUBILEE Insurance Agency agreed to protect its clients’ cars and additional belonging enshrined in the contract. A client pays a premium fee of $ 300 which could vary depending on the car type that one insures. A cargo truck for instance could pay up to $ 500 for an entire year. The contract agreement ...
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