Reference no: EM133262209
You will draft a contract. You may use online resources to help you draft the contract and this discussion will you understand the risks of drafting your own contract. Courts will interpret legal terms used in a contract according to the definition given them, now how you intend them. Plain English (meaning, no fancy legal terms) is much better than drafting a contract using legal terms that look "legal" but which you do not understand. For this assignment, you will discuss all legal elements required in a legally enforceable contract and you will draft a simple contract that can be easily understood by a high school student.
You own the "Taco 'Bout It" food truck that serves amazing tacos to students and staff on three MCC campuses. The food vendor you worked with is retiring next month. After interviewing six food vendors, you decided to purchase food ingredients from "Fresh Farms LLC," owned and operated by Chris Farmer.
After reviewing this week's learning materials, prepare a legally enforceable contract in response to the following questions. The contract will be a simple contract using plain English that can be easily understood, even by a high school student.
The contract must identify the parties to the contract.
It will describe the goods you will purchase from the food vendor.
Do not forget price, payment method, when and how payment will be made
Include a provision that describes how you will resolve issues related to delivery delay and quality of goods.
Include a provision how you will resolve disputes
Identify and include a link to any source you used to prepare your contract
What are the pros and cons of having your business contracts prepared by a lawyer? Will you have a lawyer draft your contracts? Explain.
What is the single most important concept you learned about contracts from this week's learning materials?
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