Why do they insist on making me a named party in the contract?
Hi everyone, I’m an IT nerd and wrote some interesting software for my employer. Let’s call my employer ABC. ABC sold a product to XYZ and it includes the component that I worked on. I think it’s cool, but I’m not going to be famous for it it anything.
A condition of the sale is handover and support services over the coming months. This is reasonable and I’m good for it. ABC initially created a short 3 page contract which i signed to acknowledge the contents of. Not as a named party but as a kind of witness or something to acknowledge that i was aware of what is essentially a job description for XYZ.
XYZ rejected this initial 3pager contract and replaced it with s 30 pager in which the parties are ABC (service provider), XYZ (beneficiary) and me personally. Not me AS a role in ABC but me in my personal capacity. It reads like a limited job contract, except i am specifically to remain an employee of ABC. The contract specifies that it is a condition of the initial sale contract, which is separate document i have not seen and will not benefit from directly. (My employer will remain in business so my benefit is keeping my job)
In the new contract i should sign, obligations are placed on me and i shall assume legal liabilities for situations that i think could be outside of my control. Also the contract places restrictions on “secrets” and mentions the contract itself is a secret. I read this as i am not allowed to share the contract or its contents. I have s few questions if someone may be generous with their observations:
Why do i have to be a named party? Why can I not remain an employee and ABC and XYZ are the only named parties? The contract awards my no rights, there are no benefits awarded to me. My invoices will be paid by XYZ directly to ABC. I don’t even benefit from the original sale.
What questions must I ask? What principles apply? What can i do to get a better understanding of the situation? Are their any latin that applies that i can read up on?
Thanks so much.