Automatic Renewal Clauses: The Case between Letisha and Sudson Washer and Dryer

Section 1, titled terms lists the terms of the contract. The terms of the agreement must be definite and certain. All material terms must be included. The material terms allow a court to determine what the damages are in the event that one of the parties breach the terms of the contract. Section 1, of Exhibit D: Commercial Lease Agreement list the date the lease starts and the date the lease ends. It then lists the damages that the tenant may take if the landlord is not able to provide the leased premises in a timely manner. The section then goes on to state the terms of the renewal process. The process of renewing the lease is set with a written notice of 90 days. This process is definite and certain. The renewal provision then states that the terms shall be at the rental listed in the below sections of the agreement and upon the same covenants, conditions and provisions as contained in the lease agreement. Both the terms listed to lease the premises and to renew the contract is definite and certain and it lists the material terms.

11 Carson, Fran M. 12 Wilson, William A. 13 Utley, Harry T. 21 Fife, Lawrence R. 22 Smith, Lucy K. 31 Fay,

A cancellation can be effected if one party breaches the contract, or a termination can occur when either party lawfully ends the contract for anything other than a breach. In this case, all executor duties are discharged on both sides but in the event of a partial breach, there is still a right to seek a remedy (lectriclaw, 2012). Procedures dealing with all aspects of contracts are a part of everyday transactions and can affect every individual on one level or another.

The manager at the national chain store has sent a demand letter to Sam for the 1,000 units that he verbally promised. Therefore, an evaluation of the agreement, the consideration, the contractual capacity, and the legal object will be made to determine whether a valid contract exists.

If Seller fails to comply with this contract for any other reason, Seller will be in default and Buyer may, as Buyer's sole and exclusive remedy, terminate this contract and receive from Seller the deposit, thereby releasing both parties from the contract.

Cheeseman, H. R. (2013). Business Law (8th ed.). Retrieved from The University of Phoenix eBook Collection database.

If it helps there is guidance that supports further research on pages 164 and 221+ of the Heinemann level 3 handbook

Both parties are clearly identified although this contract also does not use the full legal name of the association. The scope of work is detailed in this contract in the service description and the notes. Compensation of $9630 clearly stated and the manner in which it must be paid is included. The time period of when the work will be completed is detailed in section IV and the schedule of services attachment. In Schedule A number 3 clearly details the terms of the limited warranty provided. There is no mention of insurance, although it is very likely this company is insured the association should require them to provide a current certificate of insurance. The contract does have a provision which allows Vinoy Place to terminate the contract with a 30 day notice prior to the annual renewal date of March 23rd. Additionally, in Schedule A 10 describes that AESC can terminate the contract if they determine it is not feasible for them to continue to provide service. Schedule A 15 describes the remedies for breach of contract in detail. This contract overall contains many more specifics and is a better contract when compared to the generator/pump contracts. It is worth mentioning that some of the terms describe how AESC will not be liable and will be held harmless if certain events occur and the contract is heavily weighted in their

unless one party gave the other at least three months notice that it did not wish to extend the contract.

F., Francisco, A. C., Fleisig, G. S., Barrentine, S. W., Welch, C. M., Kayes, A. V.,

agreed upon. Under this agreement, the old contract can be honored for up to ten years after it

Reinhart, T. C., Killoy, W. J., Love, J., Overman, P. R., & Sakumura, J. S. (1990)

Contracts are used in many different forms and for just as many different situations within our everyday lives. Some contracts are more involved than others and for some; contracts are an essential of their success. As we continue, we will take a look at different types of contracts with the main focus on enforceable contracts. With so many elements that are incorporated into any contract, the six essential elements of enforceable contracts will be the main focus of this writing. Having a clearer understanding of the essentials of life will help prepare us for life’s curves that may come our way.

The legal aspect of every contract in business requires critical analysis for every term in accordance to the specifics upon which both parties are involved. The reason for analyzing such terms carefully is because it can become a crucial part in determining the decision making when addressing any business problem. This is generally more important from the perspective of the company management because some situations can result in high intensity and significance for the company. Analyzing the terms of a contract will help avoid any inappropriate or insufficient conclusions when presenting a final resolution in times of a dispute.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.