Select a contract that you are currently engaged in (Sprint Cell Phone, Electrical, Power, Car, Insurance, etc.)
Write a review of the contract in a minimum of 1,050 words in which you include the following:
- Consider the elements that were necessary to form the contract.
- Explain how your selected contract (or selected portions within the contract) can be applied within a business managerial setting.
- Summarize the potential legal defenses available to contract formation.
- Evaluate the potential remedies for breach of contract that might be available to someone who breached the contract you have selected.
- Examine how the contract deals with intellectual property issues.
Cite a minimum of 3 scholarly references.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document.
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Introduction
A contract basically refers to an agreement between two or more parties to be bound by the terms provided for in the contract. Freedom of contract allows people to contract with any person and under any terms they deem fit. A valid contract contains different elements ranging from consensus to the provision of consideration (Turner, 2004). Contractual agreements are used in businesses or insurance companies to secure…….
APA
1261 words
