10 Jul Prof. Wendy GelmanCONTRACT ASSIGNMENT GUIDELINES:For this assignm
Prof. Wendy GelmanCONTRACT ASSIGNMENT GUIDELINES:For this assignment you will be drafting your own contract. Yourcontract can be for a good or service and can be between 2 persons, 2companies, or a person and a company. I will not be providing a template for thisassignment because this is to be your own unique design; the format is up to you.Your contract should be typed in 12 point Arial font and should NOT be morethan 3 pages long. DO NOT COPY & PASTE STANDARDIZED CONTRACTSFROM THE INTERNET; YOU WILL BE PENALIZED.You might want to consider the following terms and conditions when draftingyour contract:1. Does it satisfy all the legal elements of a contract? Go through each one and make contract is binding2. What happens in the event of breach of the contract?3. What are the damages? Types of damages? Remedies?4. Does it have to be in writing?5. What are the transportation terms if applicable?6. Financing if applicable?7. Termination of the contract or cancellation issues if applicable?8. What type of clauses should be included?9. Have you ever done business with this party? Are you merchants or nonmerchants? 10. Deadlines and time frames?11. Is this contract for a good or a service? What happens if the goods are damaged?12. How are disputes resovled? 13. Jurisdiction in case of dispute14. Is this an online contract? If yes, what is the impact of it?
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