Part 1: Top 10 List

Come up with a list of 10 rules for drafting a contemporary preamble. Each rule should be no more than one sentence. (No run-on sentences or semi colons.) Think David Letterman top 10 lists--if you don't know who David Letterman is then Google David Letterman top 10 lists.

Part 2: Preamble

Using the facts below, draft the preamble to the agreement: You were introduced to the cartoon character Ralph--the short, frumpy, bespectacled, eight year old for whom life never goes quiet right. The owner of the rights to Ralph, Ralph Products LP, has decided to move forward with its licensing agreement with Merchandisers Extraordinaire, Inc. The contract will apply to the territories of Maine, New Hampshire, and Vermont over a three-year term. They would like to execute this agreement on Christmas day of this year. The parties want Virginia law to apply. Ralph Products LP is a Virginia limited partnership, and Merchandisers Extraordinaire, Inc., is an Oregon corporation.

Information about Ralph Products LP: Ralph Products LP owns all rights in the cartoon character Ralph--a short, frumpy, bespectacled, eight-year-old for whom life never goes quite right. For reasons that no one can fathom, anything with a likeness of Ralph on it sells like hotcakes. Ralph LP has been making millions by licensing the trademark rights to use this character to different companies who manufacture and then market products bearing Ralph's likeness.

Merchandisers Extraordinaire, Inc., your employer, would like to enter into a license agreement with Ralph Products LP.

Draft a preamble to the agreement between Ralph Products LP and Merchandisers Extraordinaire, Inc.