Apply concepts and elements you have learned about contracts

Assignment Help Business Law and Ethics

Reference no: EM133192286 , Length: 2 pages

Assignment: ?Contract Drafting

Overview:? For this assignment, you will apply the concepts and elements you have learned about contracts in Modules 3 and 4, by preparing a creatively fictional contract on any subject matter you choose. This contract will include fictional characters, facts, the subject of the contract, and the particulars about how the contract will be performed and satisfied.

Directions: ?Specifically, the contract you create must ?describe? the following features, by writing them into the contract:

1. Bilateral contract with named (fictional) parties.

2. Agreement and Consideration - provide ample facts to support all elements on the subject of the contract.

3. Why the parties have capacity and the subject of the contract is legal.

4. Termination by Operation of Law.

5. Period for performance.

6. Arbitration clause.

7. Whether it must be in writing or not.

8. How transaction will be performed and satisfied.

Guidelines for Submission:? Your assignment should be submitted as a Microsoft Word document, 1-2 pages in length, double-spaced, using
12-point font and one-inch margins.

Reference no: EM133192286

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