Distinguish the type of contract (e.g. bilateral, unilateral) and include the four (4) elements of contract formation.
After reading the U.S. Small Business Administration (SBA) article, “How to create a legally binding contract” and visiting the Student Career Center “On the Job Success—Be a Lifelong Learner” section, create a professional contract containing the definite and certain elements as discussed in Chapter 8, 9, and 10 of your textbook. Your contract will be written for your family-owned small business. The agreement will be for employees to sign who wish to further their education while working for your company. Be creative, yet professional. The following components must be present in your contract. For each element, you must demonstrate your ability to write clearly, concisely, and with advanced communication skills. Distinguish the type of contract (e.g. bilateral, unilateral) and include the four (4) elements of contract formation. Develop the factors of time, tasks, goals, potential clauses, assignments, and restrictions into the contract. Use and define legal concepts by incorporating the legal terminology from your textbook where appropriate and relevant. Use academic or legitimate news sources, such as The New York Times, the Los Angeles Times, the Washington Post, CNN, and MSNBC, for example. Identify any ethical issues that exist in this alleged contract and result. Your paper should be 3-4 pages in length, not including the title or references pages. Include at least three academic or legitimate sources to support your findings.
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