Contracts MGT320 After reading the U.S. Small Business Administration

User Generated

zvfun7869

Business Finance

Description

After reading the U.S. Small Business Administration (SBA) article, "How to Create a Legally Binding Contract" (https://www.sba.gov/blogs/contract-law-how-create-...) you will create a professional contract. 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 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.

  1. Distinguish the type of contract (e.g. bilateral, unilateral) and include the six elements of contract formation.
  2. Develop the factors of time, tasks, goals, potential clauses, assignments, and restrictions into the contract.
  3. Use and define legal concepts by incorporating the legal terminology from your textbook where appropriate and relevant.
  4. Use academic or legitimate news sources, such as The New York Times, the Los Angeles Times, The Washington Post, CNN, MSNBC, Fox News, etc.
  5. Identify any ethical issues that exist in this alleged contract and result.

Your paper should be 2-3 pages in length, not including the title or references pages. Include at least two academic or legitimate sources to support your findings.

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Explanation & Answer

Thank you for working with me

Running Head: EDUCATIONAL CONTRACT

Educational Agreement:
Name:
Institution:

1

EDUCATIONAL CONTRACT

2
Educational Agreement

This Educational Contract is binding through and between the Enterprise and the
employees who desire to advance their studies while working in our enterprise. The agreement
will be enforceable as of that date hereby after the offerer and the offeree sign the contract
(Vettori, 2016).
The educational contract is created by and between
Sir/Madam
(hereinafter ‘source’)

and

aspiring to pursue a (diploma, degree, masters, Ph.D.) in
.

Concerning the shared promises and pledges agreed herein, as well as other pleasant and
vital concerns they are satisfactory amid the Company and the employee. The consensus reached
is as follow;
a. The educational agreement is supervised under the governing law of the federal state of New
York therefore; the court of law can enforce it in case of breach of the contract which may
involve failure of either of the parties to fulfill their obligation (Barnard, 2012).
b. The company is able and ready to sponsor any emp...


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