Professional Contract Formation
Discipline: Business Studies
Type of Paper: Essay (any type)
Academic Level: High school
Paper Format: APA
After reading the NOLO.com article, “Contracts 101: Make a Legally Valid Contract (https://www.nolo.com/legal-encyclopedia/contracts-101-make-legally-valid-30247.html)”. You will create a professional contract containing the definite and certain elements as discussed in Chapter 8, 9, and 10 of your textbook.
Your contract will be written for your family-owned small business. The agreement will be for employees to sign who wish to further their education, where the company may provide tuition assistance while working for your company. Be creative, yet professional. The following components must be present in your contract. For each element, you must demonstrate your ability to write clearly, concisely, and with advanced communication skills.
Distinguish the type of contract (e.g., bilateral, unilateral) and include the four (4) elements of contract formation.
Develop the factors of time, tasks, goals, potential clauses, assignments, and restrictions into the contract.
Use and define legal concepts by incorporating the legal terminology from your textbook where appropriate and relevant.
Use academic or legitimate news sources, such as The New York Times, the Los Angeles Times, the Washington Post, CNN, or MSNBC.
Identify any ethical issues that exist in this alleged contract and result.