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

An assignment exploring key legal elements in event contracts.

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    Running head: THE ELEMENTS 1 The Elements to Understanding a n Event Contract BUS 311 – Business Law I Professor Gary Gentry June 23, 2014 Based on the event contract example and the five essential elements of a contract outlined in the assignment, explain how each element (Offer, Acceptance, Consideration, Capacity, and Illegality) applies to the service agreement for "Wonderful Weddings and Events." In your response, provide specific references to the contract and discuss how each element ensures the contract is legally enforceable. Word Count Requirement: 600 - 750 words

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    THE ELEMENTS 2 The Elements to Understanding a n Event Contract Even the most fun and exciting jobs have a business side, and being a wedding and event coordinator is no different. While I am enthusiastically utilizing my creative talents , helping to bring to life my clients’ visions for their weddings and /or events; I naturally want to make sure that 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 what to expect from my clients’. This paper will describe a contract; address the five essential elements of a contract; and finally explain whether or not the contract was fulfilled and if not discuss at least one available breach remedy. Now let’s get started. First, what is a contract? According to Rogers (2012), “A contract is a legally enforceable agreement […] a contract comes into existence from the voluntary assent of two or more individuals ” (p. 6 6 ). Some might ask, “Are contracts really necessary ”? YES, contracts are really necessary. It does not matter who the client is – a friend of a friend or someone who found your information on a website or phonebook – it is vital that both parties agree on the service that is provided and the price that is to be received . A contract protects the parties involved from any misunderstandings. According to attorney Joshua Grimes , states, “ … contracts are not made for when everything goes smoothly — they are made for when bad things happen. That’s when you need a good contract” ( Conquering Contracts , 2003). The contract that will be discussed concerns two parties, an offeror and offeree. According to Rogers (2012), “One party, referred to as the offeror, makes an offer – a business proposition – to another; the other known as the offeree, accepts” (p. 66). This is the basic foundation to any contract. Here is a description of a s ervice a greement (contract). Service Agreement

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