Quite often parties go into a business arrangement to do something but with a co
ID: 337461 • Letter: Q
Question
Quite often parties go into a business arrangement to do something but with a completely different understanding of the agreement, duties, and benefits. This would fail the test for a meeting of the minds.
Think of the last set down restaurant purchase you made, now let's write it out into a written agreement.
I want you to make a title, opening paragraph, any definitions needed, the covenants (the steps of the transaction, and are they conditional), and any boilerplate language you think belongs in a general contract.
Explanation / Answer
Quite often parties go into a business arrangement to do something but with a completely different understanding of the agreement, duties, and benefits. This would fail the test for a meeting of the minds.
Think of the last set down restaurant purchase you made, now let's write it out into a written agreement.
I want you to make a title, opening paragraph, any definitions needed, the covenants (the steps of the transaction, and are they conditional), and any boilerplate language you think belongs in a general contract.
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