Your company will be manufacturing a new design of airless tires. Your tires will fit on standard rims, but do not need to be inflated! (think of the tires on the mars or moon rovers as a starting point). You will likely start out making tires for non-motorized applications (bicycles, wagons, wheelbarrows, etc.) but would eventually expand to scooters, e-bikes, motorcycles, passenger and commercial vehicles.

need to purchase or sell an item domestically and internationally.

need conduct research on an existing Canadian company that is currently purchasing or selling a similar item both domestically and internationally.

Research should provide a brief overview of the company and address the domestic and international market/industry environment.

Identify and discuss 8-10 areas of general legal risk experienced by the company. In order to complete this section, you will need to apply the knowledge you have gained from this course to the research you conducted about the company.

Identify and discuss risks to which the business is exposed in the regular course of doing domestic and international business, and a discuss ways the business might manage those risks (this may require some assumptions on your part.) This discussion will not address risks related to the purchase/sale transaction of the specific item, but will discuss other legal risks, such as intellectual property, employment, and/or tort liability.

Legal issues relating to the purchase/sale of the item. This will include areas of liability to which the real-life business might be subject as a result of the contract for sale/purchase of the specific item. (You will need to research domestic legal principles that apply to the product you are buying or selling. Research the other country and consider any legal differences when doing business with that country. Are there any specific international/domestic laws or agreements that must be considered? This part of the assignment will discuss at least six areas of risk directly related to the contract for purchase and sale.

After reviewing the research, create a persona of a fictitious company that engages in the business of selling/buying the product. Referring to the areas of legal risk identified in step one, you will summarize the areas of risk to which your company is exposed in the form of a memorandum. The memorandum will be a direction to a risk management consultant, explaining the risk your company is concerned about. The memorandum will explain your goals for a contract that will protect your business. The expectation is that the risk management consultant is providing you with solutions.