HANDOUT: CONTRACT LAW – DRAFTING A CONTRACT

HANDOUT:  CONTRACT LAW – DRAFTING A CONTRACT Draft a legal contract with terms that both the buyer and the seller agree to. Your beloved German American Foxhound, Big Bishop, has just given birth to a litter of pure-bred puppies.  You would like to sell the puppies for $2000 each.  You know you need to have each buyer sign a contract so that there will be no misunderstandings in the future. Mr. Big Stuff wants to buy one of your puppies.  Mr. Stuff eventually intends to show this dog in the ring and wants your guarantee that the dog will do well and win prizes.  He insists that he will not buy the puppy unless you can guarantee him that the puppy will win prizes. Create a contract in which you sell one of the pure-bred puppies to Mr. Big Stuff for $2000. It is a black and brown, male dog, named “I’m the best.” His litter registration number is 27654. He Sire is “ Business Law”; registration number 554433222 His Dame is “Contract Law”; registration number 998877665 You may use any source you can find, including any sample contracts you might locate on the internet.  This is the one time that you do NOT have to worry about plagiarizing work….lawyers use samples from other lawyers all the time.  BUT you do have to make sure the contract is legal and enforceable, and contains all the terms that both you and Mr. Stuff want. The key to success with this contract is to remember that parties can agree to any terms they want (as long as they are legal) and the buyer of this dog wants a guarantee that the dog will win prizes. What are you, as the seller, willing to do if the dog does NOT win any prizes?