BUS 311 � Business Law I The Elements to Understanding an Event Contract

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Running head:THE ELEMENTS1The Elements to Understanding an EventContractBUS 311–Business Law IProfessor Gary GentryJune 23, 2014Based on the event contract example and the five essential elements of a contract outlined in theassignment, explain how each element(Offer, Acceptance, Consideration, Capacity, andIllegality) applies to the service agreement for "Wonderful Weddings and Events." In yourresponse, provide specific references to the contract and discuss how each element ensures thecontract is legally enforceable.Word Count Requirement: 600-750 words

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THE ELEMENTS2The Elements to Understanding an EventContractEven the most fun and exciting jobs haveabusiness side, and being a wedding and eventcoordinator is no different.While I am enthusiastically utilizing my creativetalents, helping tobring to life my clients’ visionsfor their weddings and/orevents; I naturally want to make surethat the legal details are taken care of and the best way to handle that issue is with a contract.This way my clients’ know what is expected of me and I know whattoexpectfrommy clients’.This paper will describe a contract; address the five essential elements of a contract; and finallyexplainwhether or not the contract was fulfilled and if not discuss at least one available breachremedy. Now let’s get started.First, what is a contract? According to Rogers (2012), “A contract is a legally enforceableagreement[…] a contract comes into existence from the voluntary assent of two or moreindividuals” (p. 66).Some might ask, “Are contracts really necessary”?YES, contracts are reallynecessary.It does not matter who the client is–a friend of a friend or someone who found yourinformation on a websiteor phonebook–it is vital that both parties agree on the service that isprovided and thepricethat is to bereceived.A contract protectsthe partiesinvolvedfrom anymisunderstandings. According to attorney Joshua Grimes,states, “…contracts are not made forwhen everything goes smoothly—they are made for when bad things happen. That’s when youneed a good contract” (Conquering Contracts, 2003).Thecontractthat will be discussedconcerns two parties,an offeror and offeree. According to Rogers (2012), “One party, referred toas the offeror, makes an offer–a business proposition–to another; the other known as theofferee, accepts” (p. 66).This is the basic foundation to any contract.Here is a description of aserviceagreement (contract).Service Agreement

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