The Murphy Robert American Basketball Guild convinced players

 The strike by baseball players in 1981 was one of the hits with significant impacts in the sporting arena. The effect was so vital to the point of resulting in many cancellations of some of the main games that had been scheduled. Ideally, the club owners pushed for power and authority over the players, an idea that was vehemently opposed by the players because they still wanted to retain their freedom. From June 12- July 31, it forced the cancellation of 712 games. However, owners won their right to withhold players for six years and were to be compensated with others. Primarily, in 1946, the Murphy Robert American Basketball Guild convinced players to avoid unions but instead follow the advice from owners.

For this reason, a committee was formed to represent the players in negotiating with the owners. The negotiations permitted a 25% pay cut, at least $5,000 in salary payments, and a pension plan. Players won the right to bargain for their services, mainly the free agents after six years of service.

Question 2

Consider a case when you want to have fun by using Lesmills as the leading firm in fitness that offers global experience in gyms. Most expectedly, based on the Best Alternative Agreement (BATNA), which focused on reaching a compromise between the two parties. The agreement mainly placed both parties at a level where all of the stakeholders would be in a favorable condition. Lesmills aimed at convincing Beachbody to introduce a Body pump version to enable people’s homes to utilize the channel. It was an excellent idea for the gym business for any customer who has been into the gym and was aware of the program. Later, Beachbody decided to end the contract, and members would be upset because no more plans would be accessed.  However, Les Mills offered levels and complementary products.

Question 3

The take-or-pay provision refers to the buyer-seller agreement in which the buyer has an unconditional obligation to pay whether the procured products have been delivered or not. Ideally, such arrangements are indirectly used guarantees for financing plans and shield buyers and sellers from value dynamics. Through this, consumers are guaranteed with details of price increment. For example, if the buyer needs not to worry about increases in the price of a product if he agrees to have 100 units for $80 per unit because there is a guarantee of getting all the ten units at the same price.

On the other hand, the seller may suffer a loss when the buyer fails to purchase the units since they are to be sold to only one customer. Therefore, when the buyer disagrees with purchasing all the groups, the seller does not have a guarantee that the remaining units will be bought. Hence, the $60 could be damages since the take-or-pay is not a contract but a clause within the contract that guarantees sellers coverage for their costs.

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