Question

Written Assignment 2 – Drafting a Legal Contract Instructions:

You are a garment manufacturer and retailer in Los Angeles named “[YOUR LAST NAME]’s Academy Award Clothes” who manufactures, distributes and sells suits and other clothing from a factory/warehouse/showroom building at 711 S Hope St, Los Angeles, CA 90017. Prepare a contract for the purchase and sale of [choose and insert your favorite, most striking or outlandish color/pattern/texture combination] custom sport coats to one of your company’s biggest customers, “Century 22 Real Estate”. The customer wants to custom order and utilize these distinctive colored/textured jackets for all of their sales people to wear as walking business cards. Apply your knowledge of business, law and contracts to draft this contract. Use and insert your last name to create your company name. Determine which type of business entities the parties are (see Ch 16, pp 498-499 Business Entities chart). Be sure to insert the business entity form in the name of each party. Be sure to include ALL the relevant necessary contract provisions drafting the contract. The contract must include EACH of the following, as set forth, and IN THE NUMBERED ORDER and DETAILED, as follows: I. Introduction: In the introductory paragraph set forth the names of the parties to the written contract - buyer(s) and seller(s), and FOR EACH PARTY MUST: State party’s complete name, including designation of the type of business entity (whether a business organization or an individual) Identify what type of business entity form (LLC, Corporation, Limited Partnership, Limited Liability Partnership, General Partnership Sole Proprietor, etc.) State the individual signor’s name of that person signing on behalf of the business State the signer's official title for the company (Managing Partner, Managing Member, President, CEO, Sole-Owner, etc.) II. The specific terms of the sale including EXACTLY the following contract clause provisions NUMBERED EXACTLY IN ORDER as follows: Sale of Goods and Purchase Price. (including: description of the products, quantity, individual unit prices and total price) Invoices, Payments (incl. late fees) Delivery, Risk of Loss, Title Acceptance Notices Warranty Warranty of Title Indemnification Liquidated Damages Taxes Security Interest Time is of the Essence Severability (of individual provisions) Force Majeure (Act of God) Assignment; Delegation Arbitration and/or Mediation Provision Cancellation Governing Law and Forum Selection Service of Suit Attorney Fee Provision Severability Entire Agreement (Integration Clause statement that contract constitutes entire agreement) Counterparts III. Signatures blocks of authorized signatories with: names and official titles typed in; a line for authorized signors to sign their signature; and a line for the signing date Format: Your assignment should be typewritten with your name and class section number at the top. Upload as a PDF or WORD file. Use the SAMPLES of contracts and clause provisions (Word document) attached with this assignment, or you may perform internet searches to find the correct clauses to compose the contract.

Answer 1

business agreement The Yadav's academy award clothes and The century 22 real estate, are making a contracting. this contract is not covering any fixed tenure as the tenure should be extended as per the parties from time to time. none of the party could withdraw from the contract individually. information about Yadav's academy award cloths- this firm manufacture, distributes and sell cloths, especially suits. the company's location is in Los Angeles. information about century 22 real estate- this company works for real estate in Los Angeles. contract details- the agreement is made between two companies as one(Yadav's academy award cloths ) is the seller and (century 22 real estate) as the customer.   signatory person- Mr. John Nickel(CEO ) from century 22 real estate is the signatory person and Mr. Robin Yadav (owner and CEO ) from Yadav's academy award cloths is the signatory person. product details- product = sport suits, the price per unit = $ 120, the total number of product purchased as per 1 sample = 50, the total cost involved at the transition = $ 7000 delivery time = requires 20 days after the agreement being signed. the insurance amount has been covered under the payment provision both companies are liable for insurance payment under the agreement. this agreement has come under the jurisdiction of the government of Los Angeles. entities signatures .........................(Mr. Robin Yadav) CEO, Yadav's academy award cloths ...........................( Mr. John Nickel) CEO, Century 22 real estate