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Question: 1- Discuss on what basis a contract is deemed to be valid. 2- Select at least three terms that could appear in a contract with an artiste and explain the significance to the company. 3- Assess the validity of two clauses included in an artistes contract.

Answer: The Oxford Dictionary of law describes at Contract as “ A legally binding agreement. Agreement arises as a result of offer and acceptance, but a number of other requirements must be satisfied for an agreement to be legally binding.” Before we discuss what makes a contract valid let us first explore what a contract is and what it must contain. A business will enter into contracts with all or any of the following, Lenders, Employees, Sellers of land or buildings, Suppliers of equipment, Suppliers of stock and / or Customers. A contract can be as simple as you walking into a shop and requesting to buy a bag of apples from the owner. This is a simple, informal contract, however within the world of business contracts can be a complex area and a great deal of attention must be taken when for......(short extract)

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Details: - Mark: 67% | Course: Contract Law | Year: 2nd/3rd | Words: 3751 | References: Yes | Date written: February, 2005 | Date submitted: February 18, 2009 | Coursework ID: 278

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