PRL5901 Assignment 2 (DETAILED ANSWERS) 2023 (739803) - DUE 15 SEPTEMBER 2023 .

PRL5901 Assignment 2 (DETAILED ANSWERS) 2023 () - DUE 15 SEPTEMBER 2023 .100% CORRECT questions, answers, workings and explanations. A consortium of 2 young computer technology engineers are the members of a close corporation known as Alpha Consortium. They have developed a track and tracing system for the motor industry which enables companies to keep track of their vehicles at all times. Alpha is the owner of the intellectual property relating to the technology of track and tracing. Alpha has also managed to establish a client base and a track and tracing market share. Alpha is approached by Doux Start, a private company incorporated in terms of the Companies Act 71 of 2008, which specialises in the field of communications technology and has the expertise to develop and implement projects in marketing and sales of the communications sector. Doux Start proposes a collaborative venture to Alpha which would make provision for (1) the equity structure; (2) the external relationships of such a business; (3) as well as the internal affairs of such a commercial venture. The aim of the collaboration is that Alpha will as a first phase provide their existing track and tracing technologies in order to collaborate in the development of new communications technology projects with specific application to military requirements. Doux Start undertakes to develop new communications technology projects. They also undertake to fund or acquire outside funding for such projects. Doux Start also undertakes to provide eighty square meters of laboratory space to Alpha. Once such development has taken place Alpha undertakes to grant Doux Start as a second phase marketing and sales rights. Alpha approaches you to draft the contract. They are concerned that they are contributing more to the venture than Doux Start is, but on the other hand Doux Start has very good military connections and owns a laboratory which Alpha does not have. Draft a contract of not more than 10 pages or 5000 words that makes provision for the above scenario making sure you protect your client. [100]