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Drafting a Legal Business Contract for the Purchase and Sale of Goods Background Facts: After graduating from ELAC, you are a condiment sauce manufacturing business
Drafting a Legal Business Contract for the Purchase and Sale of Goods
Background Facts:
After graduating from ELAC, you are a condiment sauce manufacturing business in East Los Angeles County named YOUR LAST NAME Foods that produces, packages, sells, and distributes bottled sauces from your recently acquired factorywarehousestorefront building at th St Baldwin Park, CA
Your companys largest single customer is West Coast Dining Services, Inc., the number one marketshare dining services company in California, corporate headquartered at Business Center Dr Ste Irvine, CA West Coast has over corporate clients managing over onsite dining locations corporate cafeterias as well as catering over corporate and entertainment events annually, with each event serving anywhere from to people.
You obtained the account through, and deal directly with, West Coasts General Manager Name of an ELAC CLASSMATE who you met back when you were in college at ELAC. West Coast needs to order sufficient sauces to for the next year. Come up with distinctive ethnically and culturally identifiable, vibrant sauce flavors with creative names, associated with specific cultures or regions or geographic origins. Your college classmate, the West Cost General Manager, secured the business opportunity for you to supply the need for bottled sauces to accompany West Coasts wide range of globally originated cuisines to satisfy the palates of West Coasts ethically and culturally broadspectrum food consumer clientele.
Instructions:
Prepare a contract for the purchase and sale of distinct sauces to be produced, packaged, and delivered to West Coasts corporate operations center located at the same business complex as their corporate headquarters. Use your imagination to come up with distinctive ethnically and culturally identifiable, vibrant sauce flavors with creative names, associated with specific cultures or regions or geographic origins.
Use business sense to calculate correct quantity and delivery terms that make sense given the circumstances and products as stated above Point deductions will be made for contract terms that do not make business sense under the circumstances. Extra points may be given for the most imaginative product lines.
Apply your knowledge of business, law, and contracts to draft this contract. Use the company names stated in the facts section using YOUR NAME and an ELAC CLASSMATES NAME Determine which type of business organization you are see Ch pp Business Entities chart in the course textbook Be sure to state the correct business organization form in the name of each party.
Be sure to include ALL the relevant necessary contract provisions drafting the contract as stated and listed in these instructions below The contract must include EACH of the following provisions and clauses, EXACTLY as set forth, and NUMBERED, ORDERED, and DETAILED, as follows:
The Contract:
I. Introduction: In the introductory paragraph set forth the names of the parties to the written contract buyers and sellers and FOR EACH PARTY you must:
State each partys complete names, including business name and designation of the type of business entity
Identify and clearly state each type of business organization entity form LLC Corporation, Limited Partnership, Limited Liability Partnership, General Partnership Sole Proprietor, etc. for each party to the contract.
Identify by name which is the buyer, and which is the seller
State the nature of the parties business relationship vis a vis each other and the general purpose of the contract
points
II Contract Terms and Provisions: Set forth the specific terms of the sales agreement, including EXACTLY the following contract clause provisions NUMBERED EXACTLY and in EXACT ORDER as follows:
Sale of Goods and Purchase Price. Include: detailed description of the products, quantity, individual unit prices and total price
Invoices, Payments incl late fees
Delivery, Risk of Loss, Title
Acceptance
Cancellation
Time is of the Essence
Notices
Taxes
Warranty General
Force Majeure Act of God
Assignment; Delegation
Indemnification
Arbitration and Mediation Provisions
Liquidated Damages
Governing Law and Forum Selection
Integration Entire Agreement Clause statement that the contract constitutes the entire agreement
Severability of individual provisions
Service of Suit
Attorney Fee Provision
Counterparts
Hint: Use different portions of the SAMPLES of Contracts Clause Provisions and Contracts for the Sale of Goods for this assignment included and available in print form upon request to compose your Business Contract for the Purchase and Sale of Goods assignment. Look at ALL the samples provided as a guide fo
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