Question
Question 1 (8 marks) You proceed to draft the agreement - an agreement to purchase the asset you have chosen from Dan Grape in exchange
Question 1 (8 marks) You proceed to draft the agreement - an agreement to purchase the asset you have chosen from Dan Grape in exchange for the purchase price you have determined. Let's assume that you have chosen to set out your agreement in a formal agreement style as a lawyer would (as discussed in this module); we can also assume that the agreement will set out clearly the two main obligations of you and Grape: that you pay the purchase price and that he deliver to you the asset on a specific closing date.Think about this transaction and the agreement further. You had certain expectations when you agreed to buy this item from Grape. Use the contract you are drafting to protect your expectations. That is, draft one clause that you would want to include in this contract for your protection. This should be one complete clause - NOT the entire contract2 - in however much detail (or length) as you feel is necessary to protect your expectations contractually (indeed effective clauses could be as short as one sentence, or it could be longer with various sub clauses). Include definitions if necessary.
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