Invent a Product

Rubric-Invent-a-Product
baseline (  "C"  paper )

effective  ( "B" paper )
exemplary ( "A" paper )

C - Baseline (include all of the following) (70 - 79 or a Letter Grade of "C")

1.1 Follow basic instructions
1.2 Basic understanding of the elements of a contract
1.3  Include the basic essential terms of a UCC Contract - see http://duedates.pbworks.com/necessary-elements-of-a-contract-pursuant-to-the-UCC?mode=print
Identify parties, identify and explain terms of the agreement,  state all key conditions and logistics, include signatures and date of execution - see -http://missionparalegal.pbworks.com/baseline
1.4 Follow proper grammar, spelling and college level writing
1.5 Provide clear and understandable terms of your product and contract

1. Identifying the parties involved:

The contract must state who is agreeing to the terms of the contract. This includes the names of the people involved, as well as the business’ names if applicable.

2. Identifying and explaining the agreement:

The contract must state the fact that there is an agreement to exchange promises, such as goods or services, and what this exchange entails. It should be specific, stating all material information relating to the transaction and be very clear. The consideration, which refers to what is done or promised to be done in return for the other party’s promise, must exist and have value.

3. Stating all key conditions and logistics:

All conditions, clauses, and certain logistics regarding the exchange should be indicated in the contract. This is an extension of the previous element, and is very important because courts will look at this to determine what is and what isn’t enforceable in a contract dispute. Certain elements such as quantity, price, transportation, dates of sale and delivery, dates of termination, and future options should be clearly stated.

4. Signatures of parties (in a written contract):

The contract must be signed and dated by the parties involved.

There are other elements that should be included in a contract in order to make it a “good” contract. These items should be included in order to provide protection for the parties involved and sometimes are considered key conditions and logistics, as mentioned above. They are as follows: