Posted: September 13th, 2015

Identifying Contract Issues in Business

Identifying Contract Issues in Business” Please respond to the following: Imagine you have graduated from Strayer University with the MBA and you have been promoted to a position of a senior manager in a U.S. manufacturing firm who procures component parts and services from various states. You now have the power to enter into a contract on behalf of the corporation.

What clauses should you be looking for in a potential contract to avoid liability and unnecessary litigation? Will the Uniform Commercial Code apply to your contract? What can you do in drafting the contract that will help you avoid litigation in a case of dispute?