Nobody downloaded yet

Contract Creation and Management - Essay Example

Comments (0) Cite this document
Contract Creation and Management Instructor: Task: Date: Was contract formation achieved in the video? Explain why or why not. How does your interpretation of whether or not Janet is considered an acting agent of the company influence your decision? In the video, of Nature of Agency, several legal problems that occur when having contractual agreements and administering contracts are exposed…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Contract Creation and Management
Read TextPreview

Extract of sample "Contract Creation and Management"

Download file to see previous pages It also shows how serious the leasing contract is being broken. The executives of Quick Takes video are extremely much surprised on learning of the news of the lawsuit. They argue that the contract was not viable since they did not sign it as they are the owners of the company and that they had not authorized Janet, the secretary to sign any contract that was binding them with Non-Linear Pro in the leasing of the equipment. The Quick Takes Videos’ attorney argues that Janet was acting as an agent to the company, and thus the argument cannot work since an agent is permitted to conduct business on behalf of the principal who was away during that time. The executives also try to argue that Non-Linear Pro brought faulty junk equipment and hurriedly gave the secretary the contract to sign. Janet said that she signed the contract because she taught it was a delivery. The equipment that was brought was to be on a trial basis for a month, and then they would sign the lease. That was supposed to be the agreement that was made by the Quick Takes Video executives and Non-Linear Pro. ...
This shows how the Non linear Pro is misrepresenting its equipment and its product in general. The other issue is that the secretary of Quick Takes Video, Janet acted on behalf of the company’s executives in the level of an agent and signed the lease by mistake thinking it was a delivery paper that she signs all the time. She did not take her time to read what was in the paper before signing it. This in turn, is souring up the two company’s relationship and it is making it worse. One of Quick Takes Video executive Hal says that piece of equipment that was supplied by Non Linear was a piece of junk and that the equipment that was brought was supposed to be one month trial equipment and not the real lease. Administering of Contracts In this case, the executives of the Quick Takes Video did not define to Janet on who was responsible to signing off some specific contracts in the company. During creation of contracts and managing them, business owners are supposed to define to their employees on who is responsible for signing contracts that bind the company to legal terms. Quick Take Video should define to Janet on what her authority in the company actually is. She should be told on what contracts she is responsible for signing and which contracts are her natures of signing. In the video, the executive of Quick Takes is to blame since they directed the Non Linear Pro to finish all the arrangements with Janet. They did not however, limit the sales person that specific contractual signing was to be made by the executives alone. This is where the problem arose from. The Non Linear Pro sales person might have thought that Janet had the authority to sign off these contracts. On looking at both companies allegations against each other, they both have strong cases against ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 Words)
Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 Words.
“Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Contract Creation and Management


...?Contract Management Table of Contents Table of Contents 2 Introduction 3 Changes in Trade and Technology after the World War II which are affecting US Corporations 4 Changes in the Contract Management Then And Since 9 Conclusion 13 References 15 Introduction Schmidt (2001), in his journal titled “Employment in the New Age of Trade and Technology: Implications for Labor and Employment Law”, argued that external industry changes (including political as well as economic alterations) impose significant effects on employment environment, acting as major forces to drive trade and technology advancements. As illustrated by Schmidt (2001), after World War II, policies were formulated with the objective towards the growth of world economy... in...
14 Pages(3500 words)Essay

Contract management and contract law

...?Contract management and contract law Executive Summary Law is an essential part of any business. A business without proper legal framework seems to be null and void. A legally acceptable business is the one which is conducted keeping in mind the prevalent law of the country to which the business belongs. Law should be enforced in a business as it deals with lot of risk factors. Also business involves a lot of stakeholders related to the operations of the business namely the manufacturer, dealer, customer, shareholder and the employees. These stakeholders should get the perception that they are attached to a lawful business which offers them a sense of security. Thus in the following...
13 Pages(3250 words)Essay

Contract management and Procurement management

...of the whole project management and project life cycle in more details as compared to other components of the project. It is therefore of great importance that the project managers must find a perfect fit between the different components of the overall project. Contract Management and Procurement management are two most important concepts of project management where project managers tend to interact with external players such as vendors, suppliers as well as regulatory authorities. The management of contract and procurement processes therefore needs special skills to fit them properly...
4 Pages(1000 words)Essay

Recognizing Contract Risk and Opportunities

...Memorandum Re: Recognizing Contract Risk and Opportunities I am writing to inform you of the legal risks and opportunities that had risen the contract. As observed, there are loopholes seen in the contract creation and management simulation. Listed below are the legal actions that a manager can do to avoid risks 1. Minimize the liabilities and benefits from the opportunities found in the simulation. 2. Each legal risk or opportunity is governed by specific legal principles. 3. Identification of the principles and relate the specific measures the managers can take to minimize legal risk or realize...
4 Pages(1000 words)Case Study


...Section/# Creation Myths The Christian interpretation of the creation story relies heavily on the literal account that is provided in the first book of the Old Testament, Genesis. As such, the creation story is described as something that was watched over carefully an ultimately instructed upon by God. In this way, the creation story involves the 7 day process whereby all living things as well as the physical properties of light, water, and earth were spoken into existence by an omnipotent God that sought to show is handiwork and create a new world within the universe (Benstead 1). Conversely, the Buddhist worldview places little emphasis on the...
1 Pages(250 words)Research Paper

Contract Creation and Management

...Contract Creation and Management Span Systems is a software company developing a banking software program for C-S bank. Both parties signed a one year contract which is worth $6 million. C-S has stated to Span Systems that there is a bigger e-CRM order, and chances of Span getting the order bring about problems on the performance of the signed contract. The project encountered serious issues that could lead to breach of contract. Legal issues presented in the simulation include claims and counter claims which concern delivery schedule slips, quality of deliverables and major bugs identified in the user testing stage. C-S claims quality...
5 Pages(1250 words)Assignment

Contract Administration and Management

...Contract Administration and Management Lecturer Contract Administration and Management Contract administration and management involves all the actives that are performed by the federal government officials after contracts are awarded. The aim of this is to determine how best the contractor and the federal government performed to meet contract requirements and regulations. The activities encompasses all federal government and contractor dealings from time of awarding the contract to the completion of the task and accepted or upon termination of the contract. It also...
3 Pages(750 words)Essay

Contract and Event Management

...CONTRACT AND EVENTS MANAGEMENT Submitted by Zlatozara Filipova ID 21113 Submitted to Tsitsi Marima Table of Contents: Introduction: 3 LO1. Understand external factors that affect planning and management in the event 3 LO2. Operational issues which affect the success of event management 7 LO3. Understand the client and contractor relationship 10 LO4. Understand the financial processes involved in tendering for and implementation of events 12 References 15 Introduction: Food is an integral part of any festival, event or celebration. Catering is a system of cooking and servicing food in an organized manner. This is a very important part of any event. A catering team may...
8 Pages(2000 words)Essay

Contract and Event Management up to the mark, the further business can be generated with the help of word of mouth. A number of leads can be generated by showcasing the high quality service. Managers can contact the guests and the participants of the event for business generates. They can be delivered a brochure or a contact details for further communications. If it is sales and promotional event those through sales procedure business can be generated. During the creation of contract packaged deal of combined activities can be offered as combo offer. Generally good businesses are generated in this combo offers. For instance apart from event management the company can offer transportation,...
8 Pages(2000 words)Essay

Contract and procurement management

...approaches to achieve the business objectives contained in the case study brief. This paper is about a transportation project. I am Contracts Manager at Amiable Company. I am studying about the upcoming project of a client, Ruralshire County Council, which is based in Southern England. The Ruralshire County Council deals with the matters related to the residents of the area. Right now Ruralshire Country Council is considering awarding transportation contract to a reliable firm. The budget of Ruralshire County is short and it is expecting high quality of services. Traditionally, only a small number of local contractors have the high capacity (100 seater) vehicles for these routes and...
8 Pages(2000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Contract Creation and Management for FREE!

Contact Us