Interclean Memo

Recognizing Contract Risk and Opportunities Memorandum

Mujehadah Abdul-Qadir

August 4, 2010

University of Phoenix

LAW/531 – Business Law

Memorandum

To: Legal Team

CC: Upper Management

From: Mujehadah Abdul-Qadir

Date: 8/4/2010

Re: Contract Risk and Opportunities

Recognizing Contract Risk and Opportunities Memorandum

Introduction

Organized and effective project management is vital in contract creation and management. Contracts are the usual suspects in business disputes, companies can spend months in litigation over breach of contract. Span system a software development company is trying to avoid this situation with Citizen-Schwarz (C-S) a large German bank. The companies are current in negoation over a one year contract worth 6 million to Span systems. Span is trying to avoid any further is because there is a bigger e-crm order in the pipeline for C-S, the solution to the current problem will play a big part in Span

Identify the legal issues present in the simulation and note the legal principles that apply to each legal issue.

Identify what a manager might do to avoid those risks, to minimize liabilities, and to benefit from opportunities. Each legal risk or opportunity is governed by specific principles.

Identify the legal principles and relate specific measures managers might take to minimize legal risk or realize legal opportunities.

Evaluate alternatives to resolve problems identified in the simulation.

Explain which alternative approach you believe is best and explain why.

Conclusion

References

Cheeseman, H.R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7th ed.). Upper Saddle River, NJ: Pearson Prentice Hall. Retrieved August 4, 2010, from: https://ecampus.phoenix.edu

University of Phoenix. (n/a). Simulation: Contract Creation and Management. LAW531-Business Law. Retrieved August 4, 2010, from: https://ecampus.phoenix.edu