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In: Economics

Entrepreneurship Case: David Perlman David Pearlman recently left his old firm to start his own company....

Entrepreneurship

Case: David Perlman

David Pearlman recently left his old firm to start his own company. Only a week into his new business, and still working out of his parents' house, he heard a knock at the door. It was a summons—his old employer was suing him for $100,000 and seeking to shut down his new business. (Perlman Case)

After he gets up from the floor, what should he do? Could he have taken steps to mitigate the risk of a lawsuit when he left his previous job—or is this just a rick of doing business? What do you think? What would you do?

Solutions

Expert Solution

The David Pearlman came out from his old firm and started a new business. Here we noticed that he started a business in a week. We need to know whether David Pearlman relived as per the norms of the firm OR did he come out in before completing the notice period? In case, if he didn’t fulfill company norms then the David Pearlman restart his job in the old firm and better to come out with fulfilling norms of company norms.

If the David Pearlman fulfilled his formalities in an old firm even though the company is lodged false sue then he better to face the legal proceedings and prove his honesty. If I were the David Pearlman and fulfilled the norms of the firm then I will face sue and proved my honesty in court. In the meanwhile, I will continue my business and anyway I will get judgment favor to me. After I won the case then I will file against to the previous company for involving me in a false case.

Suppose, If I failed to follow the norms of the company then I will speak to the management of the company. If everything goes well then I will continue my service until the completion of relieving as per their norms. So, I will face in the above two ways based on the react according to their norms.

Rahul Sunny answered 2 years ago
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