Please Help with this Business law course I need 3 files. Formal Contract, Letter of Agreement and Invoices.
rDIEEtEd VIEW , Saved ID IhlS (Hang Tran File Home Insert Design Layout References Mailings Review View Help Grammarly CONTRACT DRAFTING SCENARIO Fall 2020 Section 01 & 03 Walter Wizzo, formerly a clerk with the Gouge 8. Grabb Bank, invented the BugBasher, an electronic alternative to using chemicals to keep bugs away. He now owned and operated a business under the trade name of BugBasher Manufacturing. The business manufactured BugBashers, which look like this: "No. don't much It on: just explaln me advanlages over other Insect repellents." It proved popular for use for back yard 3805 and camping trip, although the bug swatters on the helmet had to be replaced periodically. Wizzo sold the BugBashers in the region around his home town of Vernon, B.C. but only by way of word of mouth and a small advertising campaign in the local newspaper. This was because, as a former bank clerk, he knew little about marketing, advertising or sales. 50, he was elated when he was contacted by Dilbert Dabble who owned and operated a corporation called Dabble Distributing Inc. Dilbert's company already distributed other types of spectator paraphernalia to numerous retail stores and Dabble wanted to acquire the exclusive distribution rights for all of B.C. for the BugBasher for his company. Dabble had a well-known reputation as an excellent salesperson. However, Page 2 of a ltBSwords long Tran File Home Insert Design Layout References Mailings Review View Help Grammarly It proved popular for use for back yard 380s and camping trip, although the bug swatters on the helmet had to be replaced periodically. Wizzo sold the BugBashers in the region around his home town of Vernon, B.C. but only by way of word of mouth and a small advertising campaign in the local newspaper. This was because, as a former bank clerk, he knew little about marketing, advertising or sales. 50, he was elated when he was contacted by Dilbert Dabble who owned and operated a corporation called Dabble Distributing Inc. Dilbert's company already distributed other types of spectator paraphernalia to numerous retail stores and Dabble wanted to acquire the exclusive distribution rights for all of B.C. for the BugBasher for his company. Dabble had a well-known reputation as an excellent salesperson. However, while Wizzo was anxious to deal with Dilbert's company, Walter wanted to keep the lucrative Vernon market for himself. After months and months of negotiations, on October '16, 2020, they nally agreed as follows: exclusivity for all of B.C. excluding the area around Vernon currently being serviced by Walter: the manufacturer is obligated to supply up to 1000 BugBashers per month and any replacement bug swatters whenever necessary: - the distributor must sell an average of 500 BugBashers per month in the rst six months, an average of at least 75 BugBashers per month in each of the next six months, and at least 100 per month after that; - no minimum sales levels were required for the bug swatters but the distributor had to ensure that retailers were prOVided Wlll'l P.0.P. materials encouraging sales; Wizzo also agreed to give Dabble ten demo BugBashers; - the Manufacturer Will deliver the BugBashers to the Dabble Distributing Inc. F.0.B. Vernon; - the distributor agrees to buy the distribution rights to the above-mentioned territory for the sum of $25,000.00 to be paid by a down payment of $5,000.00 on November 16, 2020 and the balance in two installments of halt the balance plus interest of 6.5% per annum, due on the 15'h day of each of the next two months. Draft a contract attempting to be as fair as possible to each party taking into account that Wizzo . - LA n-L.ui- n .. Page 2 of a naswums Erect]; E| F0 4'7 + 100% n )3 Type here to search long Tran File Home Insert Design Layout References Mailings Review View Help Grammarly . mum-u: van-m. mama .u. Hume... mu:- munum um. mumns u. Ilwullauulla, m. l October 16, 2020, they nally agreed as follows: - exclusiVity tor all ot ELC. excluding the area around Vernon currently being serviced by Walter; - the manufacturer is obligated to supply up to 1000 BugBashers per month and any replacement bug swatters whenever necessary; - the distributor must sell an average of 500 BugEtashers per month in the rst six months, an average of at least 75 BugBashers per month in each of the next six months, and at least 100 per month after that; - no minimum sales levels were required for the bug swatters out the distributor had to ensure that retailers were provided with P.O.P. materials encouraging sales; - Wizzo also agreed to give Dabble ten demo BugBashers; - the Manufacturer will deliver the BugBashers to the Dabble Distributing Inc. F.O.B. Vernon; - the distributor agrees to buy the distribution rights to the above-mentioned territory for the sum of $25,000.00 to be paid by a down payment of $5,000.00 on November 18, 2020 and the balance in two installments of halt the balance plus interest of 6.5% per annum, due on the 15m clay of each of the next two months. Draft a contract attempting to be as fair as possible to each party, taking into account that Wizzo is making a loan to Dabble Distributing Inc. Set the document up for signatures. Make sure your name and section number are on the title page. Include your calculations of the interest payments as part of your contract. You may also assume additional facts by including a list of same, but do not change any facts in the problem. The assignment is due on or before he end of business (5:00pm), October 15, 2020. E-mail your contract to me. As a precautionary measure, save the assignment. This assignment may be done individually, in teams of two, or groups of three. One assignment per team or per group. You may discuss matters with classmates but do the drafting separately. For example, a group of three students may discuss the assignment with another individual student or a team. However, after discussing the matter, do the drafting separately. Page 2 of 3 ltZSwords rucus E| F0 4'7 + 100% n )3 Type here to search
