Question
Farid owns a famous business concern in Beirut established since the beginning of 2014 in a shop rent from Ziad for a period of 10
Farid owns a famous business concern in Beirut established since the beginning of 2014 in a shop rent from Ziad for a period of 10 years at a rent equal to $6000/year. The business concern is registered at the commercial register of Beirut during the legal time limit.
Few years later, Farid agreed with Mirna to be the free manager ( lessee manager) of his business. They signed an official contract at the notary public on 16/January/2019. They agreed on the essential terms of the contract. The agreement also mentioned the following:
The profits and the stock over of the Business concern of 2019 and 2018.
The amount of remuneration to be paid by Mirna to Ziad : 40.000$/ year
Farid is exempt from interfering in the management of the business
The business papers, documents and invoices must be in the name of Farid since he is the owner of the business concern.
The period of the contract is 5 years ending on 16/January/2024.
Mirna should manage the business concern in the name of the owner and at his account.
An abstract of the managership contract should be published on 05/February/2019.
Mirna is not allowed to change the nature of the business during the period of the free manager-ship contract.
Q1: Indicate at least 4 illegalities made in the establishment and publication of the free managership contract of the Business concern and correct them (12 points)
Q2: Indicate Where should they publish this contract? (4 points)
Q3 : Does Ziad have any legal right? What is it? (2 points)
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