CONTRACT STRUCTURE AND DRAFTING

Question 1

Expand on Representation:

Answer 1

a statement made to induce a party to enter into a contract; NOT TERMS OF A CONTRACT AND CANNOT BE A BASIS OF A BREACH OF CONTRACT ACTION

Question 2

Expand on Condition/Terms:

Answer 2

statement made in contract which is a fundamental part of the agreement the parties have entered into

Question 3

To achieve purpose, a written contract must be __ and ____

Answer 3

To achieve purpose, a written contract must be both clear and concise

Question 4

Whenever possible, legal agreements SHOULD BE _______

Answer 4

Whenever possible, legal agreements SHOULD BE WRITTEN DOWN

Question 5

Contract Drafting Rules

Answer 5

• define key terms
  -contain names of all parties and dates
  -precise as possible