Read the case scenario provided below. Based on the information provided in the case scenario and the readings for this module, prepare a contract that will protect your company.
Scenario
You are the Vice President of Sales for Detroit Mini Safe, a U.S. manufacturer of small fireproof safes with headquarters in Detroit, Michigan. The raw materials used in making the safes are sourced from Japan, Canada, and Saudi Arabia. You have been approached by a group of Chinese buyers who are interested in purchasing a large quantity of your model 1505 mini safes.
Shipping: Seller to ship the goods by ocean container to Shanghai within 90 days after acceptance of order
The selling price includes the cost of the good, marine insurance, and cost of freight (CIF). Draft a standard contract containing terms and clauses applicable between the parties. Consider requirements found in Chapters 7 and 8 of your textbook as well as any supplemental resources.
Write the contract draft in a 2- pages Microsoft Word document. Submit the contract draft to the Discussion Area by Monday, February 1, 2016.
By Wednesday, February 3, 2016, review the contract drafts submitted by at least two classmates. Provide a balanced feedback, addressing the inclusion or absence of relevant clauses. Analyze any questionable legal issues that may arise as a result of this contract. Evaluate how cultural differences may affect your negotiations.
All written assignments and responses should follow APA rules for attributing sources.
Assignment 3: Research Paper
International Sales and Contracts
Using the research from the discussion assignment and other information you have obtained through readings, prepare a report that addresses the laws related to international sales and contracts. Be sure to address how each of the three countries you have selected handles these issues. Analyze the major differences among the countries. Evaluate the clauses that are most important for inclusion in international contracts. In addition, evaluate how culture, ethics, and e-commerce apply to contracts and sales.
- Make note of any pending regulations or laws that could affect your company in the future.
- In drafting your paper, consider the following topics.
- International contract law: General
- International contract law related to the three countries selected
- Negotiation of sales and contracts
- International sales laws
- Warranty standards
- Breach of contract
- Interpretation of contracts
Write a 2- pages paper in a Microsoft Word document about your research on international contracts and sales. Include links, references, and sources you have used and follow the proper guidelines for citing legal texts. submit it to the Discussion Area by Wednesday, February 3
All written assignments and responses should follow APA rules for attributing sources.