What basic elements would you expect to find in each contract?

Module 02 Content

1. ScenarioYou have recently been hired as a business advisor for a retail company seeking to expand both its physical and digital presence. The organization is specifically seeking guidance regarding two offers it has received for:

   1. The purchase of real estate to be used to build a new brick-and-mortar store
   2. A 5-year marketing agreement with a prominent social media network.

   You have been tasked with analyzing elements of contracts and providing recommendations for each item above to share with leadership.
   InstructionsWrite a formal business memorandum that addresses the following:

   • What basic elements would you expect to find in each contract?
   • What type of commonly used contract clauses would you expect to find in each contract?
   • What business recommendations would you share with the company as it proceeds forward? Should it consider accepting the offers? If so, would certain conditions apply?

   Be sure to use a professional tone and correct grammar, spelling, punctuation. Please remember to acknowledge any source you use.