Legal Contracts

Term Paper # 99360

Law
Law > Contract

Legal Contracts

An analysis of the aspects of a contract that make it binding.

830 words () | 3 sources | MLA | 2007 United States

Paper Summary:

This paper discusses the legal elements of a contract and the aspects that determine if a contract is binding or not. The paper discusses issues related to simulation and revision. It describes the performance, project structure and communication that must be present in a simulated case. It also addresses the importance of communication between companies.

From the Paper:

"To address these issues the contract should be renegotiated to include provisions of expectations for performance that allow for some degree of error. Yet, these errors must also be corrected within a reasonable period of time that is agreeable to both corporations (Collins, 1999, p. 251). In regard to the project structure, it would be more beneficial for both companies if there were specific points during the project in which the company leaders met to discuss the progress of the project and make alterations as needed to conform to change (Collins, 1999, p. 250). It is suggested that these meetings take place monthly, with adequate documentation being provided by all parties in order to ensure that the efforts of the leaders are worthwhile (Collins, 1999, p. 253)."

Sample of Sources Used:

Collins, H. (1999). Regulating contracts. Oxford: Oxford University Press.
Hittner, D. (1999). No evidence summary judgments. Southern District of Texas. Retrieved September 5, 2006, from http://www.stcl.edu/faculty_pages/faculty_folders/ecarlson/lynn_liberato.htm
Singer, L. (1994). Settling disputes: Conflict resolution in business, families and the legal system. Boulder: Westview Press.