PC Business Law Development of A Contract Agreement Discussion

Prepare a contract on a topic of your choice.

 Select the topic. For example, the repair of a kitchen, a leaseagreement, a service contract… Once your select the topic, make sure that you revisit chapter 8and look at Agreement and it elements… your contract must include:o Names and information of the two parties entering into the agreement with completeinformation of parties… (Addresses, emails, phone numbers…)o Description of the subject mattero Complete description of responsibilities of all parties… …o A Schedule, beginning and ending date of the service, lease…o If it is about the repair of a kitchen for example, specify the type of materials to be used,for example, type of wood for the cabinets, fixtures, cabinetry, and kitchen counters iftile specify, type of flooring, et al… o Consideration… Establish the price or cost of the project of the service or project.Prepare a schedule of payment unless it is a onetime lump payment.oAs you can see this is how you include the elements of the Agreement and Consideration. As long asyou comply with Contractual Capacity and the Legal requirements, you have formed a legally bindingand enforceable contract in a court of law. Contracts can be simple or complex depending on thesubject matter.