Business Contract Recommendation
docx
keyboard_arrow_up
School
University of California, Los Angeles *
*We aren’t endorsed by this school
Course
MISC
Subject
Law
Date
Nov 24, 2024
Type
docx
Pages
6
Uploaded by CoachAlligator2451
1
Business Contract Recommendation. Student's name
Instructor
Institution
Due date
2
Business Contract Recommendation. Basic Elements included in contracts
It's crucial to have clear parameters controlling the work you're accomplishing with each customer, irrespective of how official the connection is between and the client (Sklaroff, 2017). The following are the standard elements of a contract for engaging in the real estate option for building a brick-and-mortar store and recommendations;
Basic Elements in Real Estate Contract and recommendation.
1.
Acceptance; An offer is considered valid if and only if the offeree has the option to accept or decline the offer. In this contract, any kind of verbal or written confirmation from the offeree is acceptable. However, it is advisable to formalize agreements of acceptance by signing documents. 2.
Legality- A person must be of legal signing age to be able to waive their right to sue. However, the actual world is more nuanced, which is why all parties to a contract must show that they have read the whole document, fully comprehend its provisions, and fully grasp the repercussions of breaching it.
3.
Validity - Finally, all agreements are subject to all federal, state, and municipal laws and regulations that are in effect in the area in which they are carried out. No one should expect to be held to a contract involving anything against the law. If an agreement violates applicable local laws, the absence of information on the part of the
parties will not be enough to relieve the burden of legality. Another obvious fact is that any agreement involving illegal behavior is null and void.
4.
The objective of the Contract- The provision of the consideration is the ultimate purpose of the contract as used in arrangements; "consideration" refers to something
3
of value exchanged between parties. Consideration may be anything of value to the parties, such as goods, services, or even safety from danger.
5.
Both parties must be conscious that they are getting into a legally binding agreement for the contract to take effect. One of the hallmarks of a valid contract is what is colloquially known as "an agreement of the minds" between the two parties. They must be aware of the existence of the contract and willingly agree to be obligated by its terms.
Basic elements of contracts in the social media contract and recommendations. 1.
Terms of service
Timelines for beginning and finishing the project should be mapped out beforehand. This can
be achieved by either considering the suggested beginning date to the last day of the project or when the project shall have reached a particular target. 2.
Job Description
After that, set parameters for what has to be done. An explanation of the project's scope is a good place to start. Social media management, whether purchased or organic, is one example.
The contractor's services and final products should then be discussed. You should provide the
channels and the quantity of postings per day, week, or month if the contractor is responsible for producing content on those platforms.
3.
Scheduling the Project
Create a schedule for the project next. Specific dates should be established for the project's milestones, such as the deadline for the final draft and the date by which the first draft must be delivered. Include specifics about deadlines for specific parties to respond to requests for
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
4
changes or other actions. Be sure to label each deadline and major event on the timeline with the relevant party.
4.
Copyright & Patents
The next step is to find out who exactly has the rights to use the intellectual property developed during the project: the customer or the contractor. In the event where the contractor maintains ownership, the terms of the client's usage of the work must be specified. Give a timeframe for when the customer takes ownership and the developer is logged out (Shen, 2022).
5.
Confidentiality
It may be necessary for the parties involved to keep some details of the work under wraps and
out of the public eye. In the event that either of the parties want secrecy, the agreement must outline what specific details must be kept secret.
Typical examples of contracts.
How all parties' commitments or duties are enforced is addressed in the agreement's enforcement provisions. An enforcement provision specifies the actions to be taken if a party breaches one or more contract conditions. Real estate contracts consist of a Statute of Limitations provision, a mediation provision, and a choice of law provision (Wang & Wu, 2020).
Execution Clauses –both social media and real estate has an agreement that specifies how a party must carry out its obligations under the contract. It has a Force Majeure Clause, a Time of Performance Clause, and a Non-Waiver Clause.
Contracts sometimes include wording that is confusing or even contradictory. Thus, it is essential to have an "interpretation clause" that specifies the legal principles used to
5
resolve the ambiguity or conflict. As part of the deal, you may expect a merger clause (Wang & Wu, 2020).
Social media clause would ban contractors from putting anything online that may damage their client’s reputation or professional opportunities.
After the thorough review of terms of contract, the company can accept both projects as not only will the company expand physically but will grow digitally without the risk of the developer coming into lay after the contract is finalised.
6
References
Shen, B., Cheng, M., He, R., & Yang, M. (2022). Selling through social media influencers in influencer marketing: participation-based contract versus sales-based contract.
Electronic Commerce Research
, 1-24.
Sklaroff, J. M. (2017). Smart contracts and the cost of inflexibility.
U. Pa. L. Rev.
,
166
, 263.
Wang, G., & Wu, N. (2020). A Comparative Study on Contract Recommendation Model: Using Macao Mobile Phone Datasets.
IEEE Access
,
8
, 39747-39757.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help