This assignment is a group assignment related to your team$$s fictional business. For this week$$s assignment, you are required to develop two clauses to include in a contract between your company and another party.

See assignment description embedded below.

Item

Your Answers

Company Overview

Provide a brief description of your company:

$$ Company name

$$ Product$($s$)/$service$($s$)$ it offered

$$ Target market segments

$$ Suppliers utilized

Contract clause types:

Indemnification

Force majeure

Limitations on liability

Confidentiality and non$-$disclosure

Copyright clause

Use restrictions

Termination

Warranties

Dispute resolution

Privacy

Imagine you have a need to draft a contract between your business and another party $($E$.$g$.$ customer, supplier, logistics partner$).$

Identify who the party is that you will be entering into a new contract agreement with.

Research the important clauses typically used for business contracts at left.

Select any two $(2)$ of the contract clause types at left that you feel will have the most relevance to the contract between your business and the other party to the contract.

Write a short contract clause for each one of the contract clauses you selected.

Here$$s an example:

EcoCruisers will be contracting with its tire supplier $($XYZ Tires$).$

Termination clause

In the event XYZ Tires does not deliver the agreed upon $3,000$ complete tire sets per month for a consecutive three month period, then EcoCruisers, at their sole discretion, may seek to terminate this agreement.