• PART A - Term Sheet - Using the attached template, list and explain ten (10) elements (or terms) that you have agreed to include in your term sheet (and ultimately in the final contract) with the other company;
  • For each term, provide details of the term; and reason for including it. Be as specific as possible. (2 marks for each term).
  • For example, you may want to address payment terms, currency, shipping and delivery arrangements, and dispute resolution. You may improvise or add facts if needed.
  • Do notinclude the example provided in the template as one of your 10 terms.
    • PART B - Reflection - After you have created the term sheet with your partner, answer the reflection questions in Part B on your own. You will be marked individually on this portion of the assignment.PART A - Term Sheet - Using the attached template, list and explain ten (10) elements (or terms) that you have agreed to include in your term sheet (and ultimately in the final contract) with the other company;
      • For each term, provide details of the term; and reason for including it. Be as specific as possible. (2 marks for each term).
      • For example, you may want to address payment terms, currency, shipping and delivery arrangements, and dispute resolution. You may improvise or add facts if needed.
      • Do notinclude the example provided in the template as one of your 10 terms.
        • PART B - Reflection - After you have created the term sheet with your partner, answer the reflection questions in Part B on your own. You will be marked individually on this portion of the assignment.
          

Date: Names of both Partners: Roles: ASSIG N MENT TEMPLATE Partner A Executive of Toggo International Inc.: Partner B - Executive of Krax Kids Corp\"; PART A Term Sheet (20 ma rks} DETAILS of how the term will REASONS why the term is important to Name of CDN'I'RACT operate in the contract [use include [1 mark) TERM or CLAUSE simple English as you would want it reflected in the contract) [1 mark) Example: ToyCo will deliver the products A confirmed delivery date is essential. Delivery Date: by no later than August 1, 2022 Retailers market the craft kits as seasonal toys (the ornaments are holidaythemed and are intended to be hung on Christmas trees or used as other holiday decorations) and Kraft! Kids needs enough time to assemble, package and ship the kits to the retailers on time