Write the Recitals portion of the contract.Be sure to designate five (5) clauses that they deem essential for inclusion in the contract. After designating the five essential clauses, discuss the importance of each clause in the context of the facts presented and the hypothetical agreement.

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BUS 525 Contract Drafting Exercise Review the hypothetical fact pattern below. Use the facts presented in the fact pattern, combined with the knowledge you learned about contracts to write the Recitals portion of a contract. You must the designate five (5) boilerplate clauses that you deem essential for inclusion in the contract. After designating the five essential clauses, you must discuss the importance of each clause in the context of the facts presented and this hypothetical agreement. Be specific as to how the facts relate to contract principles and your analysis. This assignment is a maximum of three (3) pages. Fact Pattern Thanks to you, Johnny got his bakery off and running very well. The Bakery did so well that after three years, well ahead of schedule, Johnny is now ready to begin offering franchises to build more stores. Johnny has a friend, Sara, who knows many affluent investors. Through Johnny's talks with Sara, many of those investors are very interested in opening their own Johnny's Bakery franchises. Sara wants to be Johnny's Franchise Sales manager. Johnny trusts Sara a lot. He also believes that her past sales experiences, knowledge of Johnny's business, and relationship with affluent investors will make her a good fit. Johnny and Sara agree that Sara will be paid 15% for her first three franchises sold and 10% for any remaining franchises sold. The agreement will last for 3 years. Help Johnny draft the Recitals of his agreement with Sara and suggests five boiler plate clause that you think are essential to this agreement. Be sure to explain to Johnny why these clauses are essential to his agreement with Sara. BUS 525 Contract Drafting Exercise Review the hypothetical fact pattern below. Use the facts presented in the fact pattern, combined with the knowledge you learned about contracts to write the Recitals portion of a contract. You must the designate five (5) boilerplate clauses that you deem essential for inclusion in the contract. After designating the five essential clauses, you must discuss the importance of each clause in the context of the facts presented and this hypothetical agreement. Be specific as to how the facts relate to contract principles and your analysis. This assignment is a maximum of three (3) pages. Fact Pattern Thanks to you, Johnny got his bakery off and running very well. The Bakery did so well that after three years, well ahead of schedule, Johnny is now ready to begin offering franchises to build more stores. Johnny has a friend, Sara, who knows many affluent investors. Through Johnny's talks with Sara, many of those investors are very interested in opening their own Johnny's Bakery franchises. Sara wants to be Johnny's Franchise Sales manager. Johnny trusts Sara a lot. He also believes that her past sales experiences, knowledge of Johnny's business, and relationship with affluent investors will make her a good fit. Johnny and Sara agree that Sara will be paid 15% for her first three franchises sold and 10% for any remaining franchises sold. The agreement will last for 3 years. Help Johnny draft the Recitals of his agreement with Sara and suggests five boiler plate clause that you think are essential to this agreement. Be sure to explain to Johnny why these clauses are essential to his agreement with Sara.

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Recitals This Agreement Agreement is made and entered into as of Insert Date Effective Date by and between Johnnys Bakery Johnny located at Insert Address and Sara Insert Last Name residing at Insert ... View the full answer