Part 1_Sections 1-4

Part 2_Sections 5-9

TOLES Advanced – Section 10_The liability of businesses for nuisance

Read the extract from an operational liability clause and choose the correct preposition to complete gaps (1) to (10).


FROM A BUSINESS OPERATIONS & NUISANCE LIABILITY CLAUSE

The Operator shall be liable (1) ___ any private or statutory nuisance arising (2) ___ the conduct of its operations carried out (3) ___ the Site, including any noise, vibration, dust or odours emanating (4) ___ plant, machinery or HVAC equipment.

Such liability shall subsist notwithstanding compliance (5) ___ any consent, permit or licence and shall extend (6) ___ all loss, damage, costs and expenses incurred (7) ___ reason of such interference.

No defence shall be available (8) ___ the basis that the nuisance pre-dated the Effective Date, and the Operator shall indemnify the Owner (9) ___ all claims brought (10) ___ neighbouring occupiers or other third parties.


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Total Questions: 10

Incorrect Answers: 0

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TOLES Advanced – Section 11 (Traditional Partnerships and LLPs)

Read the sentence below and identify which of the three sections contains an error.


1.

In a traditional partnership, each partner jointly and severally liable for the debts and obligations of the firm incurred in the ordinary course of business.




2.

A limited liability partnership is a body corporate having legal personality separate to its members and is capable of suing and being sued in its own name.




3.

Unless otherwise agreed, partners are entitled to share profits equally but must contribute losses alike irrespective of capital contributions.




4.

An LLP agreement typically governs the rights and duties of the members inter se and in relation with the LLP save where statutory provisions apply.




5.

Each partner owes fiduciary duties including a duty to act in utmost good faith towards the partnership and to avoid conflicts of interest.




6.

A partner may bind the partnership by acts carried out in the usual way of business of the kind carried on unless the partner was lacked authority to do so.




7.

Members of an LLP are not personally liable for the debts of the LLP save in the case of wrongful trading or personal guarantees given by them.




8.

A partnership may be dissolved by notice given by any partner at will where no fixed term exists provided if such notice is communicated in good faith.




9.

On dissolution, the assets of the partnership shall be applied first in payment of the liabilities of the firm in accordance to the statutory order of priority.




10.

This LLP Agreement shall be governed by and constructed in accordance with the laws of England and Wales and the courts shall have exclusive jurisdiction.




 

Total Questions: 10

Incorrect Answers: 0

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TOLES Advanced – Section 12 (Copyright, patents & trademarks)

Read the three clauses from the same IP Licence Agreement. Each clause contains missing fragments. Choose the correct fragment to complete (1) ….. to (5) ….. in each clause.
Note: Questions in this section are worth two points each.


FROM AN IP LICENCE AGREEMENT

CLAUSE 1: LICENSOR’S WARRANTIES

The Licensor (1) ….. to the Licensee as follows: (a) the Licensor is the (2) ….. of the Licensed Rights and has full power to grant the licence set out in this Agreement; (b) the Licensed Rights are (3) ….. and do not infringe the rights of any third party; (c) the Licensed Materials contain (4) ….. and are not defamatory; and (d) the Licensor has not (5) ….. any assignment or security interest over the Licensed Rights that would conflict with the licence granted herein.

1. Choose the correct fragment to complete (1) …..




2. Choose the correct fragment to complete (2) …..




3. Choose the correct fragment to complete (3) …..




4. Choose the correct fragment to complete (4) …..




5. Choose the correct fragment to complete (5) …..




CLAUSE 2: PROTECTION & ENFORCEMENT

The Parties (1) ….. promptly of all information received concerning any (2) ….. infringement of the Licensed Rights. In the event of infringement, the Licensee shall have (3) ….. to commence or defend any proceedings (4) ….., provided that the Licensee keeps the Licensor reasonably informed and consults with the Licensor in good faith. Any recoveries shall be applied first to reimburse the reasonable costs and expenses incurred in such action, (5) ….. between the Parties in the proportions set out in Schedule 2.

6. Choose the correct fragment to complete (1) …..




7. Choose the correct fragment to complete (2) …..




8. Choose the correct fragment to complete (3) …..




9. Choose the correct fragment to complete (4) …..




10. Choose the correct fragment to complete (5) …..




CLAUSE 3: LICENCE FEES & ROYALTIES

(a) (1) ….. to the Licensor a running royalty on Licensed Products sold by the Licensee, calculated on Net Sales, (2) ….., after deduction of (3) ….. (the “Permitted Deductions”).
(b) No royalty shall be payable on (4) ….. or on any units sold (5) ….. in a bona fide end-of-line clearance.

11. Choose the correct fragment to complete (1) …..




12. Choose the correct fragment to complete (2) …..




13. Choose the correct fragment to complete (3) …..




14. Choose the correct fragment to complete (4) …..




15. Choose the correct fragment to complete (5) …..




 

Total Questions: 15

Incorrect Answers: 0

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Part 1_Sections 1-4

Part 2_Sections 5-9