Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help creating a thorough and detailed contract for my client based on the following: Client: Tire Manufacturer, FT. Wayne, Indiana. The client is

I need help creating a thorough and detailed contract for my client based on the following:

Client: Tire Manufacturer, FT. Wayne, Indiana.

The client is contracting to provide 15,000 tires per month to Car Assembly Plant in Louisville, Kentucky for the next 3 years. The price agreed upon is $30 per tire. The tires must be all-weather with a 60,000-mile warranty. It will be a destination contract.

Car Assembly Plant is insistent that the tires be delivered in a manner so that there is always only a two-day supply stored at the Car Assembly Plant. The plant does not have enough room to store any additional tires. They would like there to be a penalty if Tire Manufacturer brings too many. The client is concerned about this provision as the number of cars manufactured each day varies.

Car Assembly Plant is also concerned that the tire supply is never delayed because Car Assembly Plant has to pay the assembly workers if the assembly line stops because there are no tires. Car Assembly Plant wants Tire Manufacturer to pay for any downtime expenses due to a lack of tires.

The Client would like there to be an Arbitration clause and that Indiana is the state to resolve issues.

Additionally, there should be a Liquidation clause and non-disclosure clause.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

14th Edition

1352012065, 978-1352012064

More Books

Students also viewed these Law questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago