Objective: The objective of this assignment is to provide students with an opportunity to explore the legal

principles underlying contract formation and apply their knowledge to analyze a specific contract. Students

will research a chosen contract, identify its key elements, and evaluate whether the contract is binding or

not based on legal principles, statutes, common law, and public policy considerations.

Instructions

Choose a Specific Contract: Select a contract of interest for analysis. The contract can be from various

areas such as business, employment, real estate, consumer transactions, or any other field of law. Ensure

that the contract is publicly available and provides sufficient details for analysis.

Research and Analyze: Conduct thorough research to understand the legal framework governing contract

formation, including essential elements such as offer, acceptance, consideration, intention to create legal

relations, capacity, certainty, and legality of purpose. Analyze the chosen contract in light of these legal

principles.

Identify Key Elements: Identify and outline the key elements of the chosen contract, including the parties

involved, subject matter, terms and conditions, consideration exchanged, and any other relevant details.

Evaluate Binding Nature: Evaluate whether the contract meets the requirements for being legally binding

based on the legal principles researched. Consider factors such as the clarity of offer and acceptance,

presence of consideration, capacity of the parties, certainty of terms, and adherence to public policy.

Provide Analysis: Write a detailed analysis of whether the chosen contract is binding or not. Justify your

analysis by referencing relevant legal principles, statutes, common law precedents, and public policy

considerations.

Example Contract Options:

Employment Contract

Lease Agreement

Sale of Goods Contract

Service Agreement

Loan Agreement

Non$-$Disclosure Agreement

Partnership Agreement

Rental Agreement

Construction Contract

Insurance Policy