1.draft a simple contract for a service business.How did the task go?What were your particular challenges in drafting the contract?Was the process enlightening?Did the activity change your opinion about the need for contracts in everyday life?Please share your comments and observations about the drafting activity.

2.Suppose a Sara and Mario negotiate a contract pursuant to which agree to buy all of the rights to my latest invention (and the company Mario organized to develop the invention) for $10 millionplusthe amount of the company's outstanding debt (approximately $1 million) that Mario incurred in developing the invention.Suppose, too, that when Mario sent Sara a draft of the contract, the contract stated that the purchase price would be $10 millionlessthe company's debt.What is Mario ethical obligation to Sara?Should Sara me about the mistake?What Life Principles would Sara apply in this situation - and how might some of our ethical theorists look at the situation?

3.lawyers and business people come to contract negotiations with different perspectives and different goals.How do you think that the creative tension that exists between a lawyer and a client can impact contract negotiations?Should the client give way to the lawyer or the other way around?How can we judge effectively when a lawyer is being too cautious or when a client is being too optimistic and too casual?How can a lawyer protect herself from a client who might be unwilling to accept the lawyer's advice and who might be embark on a transaction without proper contractual governance?