Assume that your company wants to enter into a contract with a regional cell service provider....

Assume that your company wants to enter into a contract with a regional cell service provider. Your company wants to ensure that the contract is for a fixed term of 5 years, and cannot be terminated before that first 5-year term expires, and afterwards is renewable for 5-year terms unless terminated by one year's notice. TELUS does not want the parties to have the ability to terminate the agreement after only one year. The termination clause should only apply to the renewals, not the first five year period. Which of the following clauses will correctly capture what your company wants in the contract? (5 points) Answer: __ (a) "This Agreement shall continue in force for a period of five years from the date it is made, and thereafter for successive five-year terms, unless and until terminated by one year's notice in writing by either party." __ (b) "This Agreement shall continue in force for a period of five years from the date it is made and thereafter for successive five-year terms, unless and until terminated by one year's notice in writing by either party." __ (c) "This Agreement shall continue in force for a period of five years from the date it is made, and thereafter for successive five-year terms unless and until terminated by one year's notice in writing by either party." __ (d) "This Agreement shall continue in force for a period of five years from the date it is made and thereafter for successive five year terms unless and until terminated by one year's notice in writing by either party."

Expert Solution

My company wants this agreement shall continue in Force for a period of 5 years from the date it is made and there after for sucessive 5 years terms and and until terminated by 1 years notice in written by either party. TELUS Also does not want the parties to have the ability to terminate the agreement after only one year. Having a good contract here is very important as we don't want to misunderstand and carry liabilities most going companies or businesses have made their websites Which shows their products online on Their websites which is easier for them to sell the products. 5 years agreement will help the company to grow their business. And it will be easy for them to complete the work on time. Letter of intent can be very advantages and quick way to get Momentum for a deal. Letter of intent is like a handshake between two companies It is an agreement between two companies with both agree. 5 years agreement will help the company to pay all their loans which they have borrowed from banks to complete this project ,which they have signed with the cell service provider.

Agreement signed between the two companies should be :

In writing.
Agreement should be simple.
Both the party should be identified clearly.
Payment procedure should be clear.
All the things in agreement should be mentioned clearly.
Agreement should be kept confidential.

keosha answered 6 days ago

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