Overview
You are a technical product manager at Aviant Inc., a hypothetical Florida company that manufactures aircraft engines for commercial jets. Aviant would like to hire Inteq Corp., a hypothetical Virginia-based company, to develop improved fuel control components that Aviant can incorporate into its aircraft engines (allowing for greater fuel efficiency). The fees to be paid by Aviant to Inteq under the Agreement are approximately $250,000. Review the clauses included in the attached document from the draft Master Services Agreement that Inteq has provided to Aviant.
- Redline the Intellectual Property Rights clause to ensure that Aviant has ownership of the technology that Inteq is developing for Aviant in this business engagement.
- Redline the Indemnification clause to add any additional indemnification that may protect Aviant in the event of 3rd party lawsuits.
- Redline the Limitations of Liability clause to ensure that (i) Aviant’s potential liabilities to Inteq under the contract are limited too, and (ii) that that the liability cap is reasonable considering the value of the contract.
- Add comment bubbles for each clause mentioned above and provide a brief explanation for your redline changes.
please see the attached documents in order to finish this exercise. Also this link: https://lawshelf.com/videocoursesmoduleview/remedi...