Problem:
Bill is the managing director and a member of Biomed Ltd. The constitution of Biomed Ltd provides, as follows: "Bill shall be employed as Biomed Ltd's Chief Medical Officer for a period of five years after incorporation at a salary of $150,000 per annum." Bill informs you that following incorporation, the company has refused to employ him. Advise Bill.
Information Regarding the Question:
This question is belongs to the Law as well as it explains about refusal of director's employment after the constitution of the company explicitly states regarding his employment after incorporation for five years. The legal remedies that the person can sought have been given.
Total Word Limit: 41 Words