Contract Creation and Management Essay Example | Topics and Well Written Essays - 1250 words

Contract Creation and Management - Essay ExampleIt also shows how heavy the leasing contract is being broken. The executives of warm Takes video are extremely much surprised on eruditeness of the news of the lawsuit. They argue that the contract was not viable since they did not sign it as they are the owners of the keep company and that they had not authorized Janet, the secretary to sign any contract that was binding them with Non- linear Pro in the leasing of the equipment. The fast-flying Takes scenes attorney argues that Janet was acting as an agent to the company, and thus the argument cannot work since an agent is permitted to conduct line of merchandise on behalf of the principal who was away during that time. The executives also try to argue that Non-Linear Pro brought faulty toss out equipment and hurriedly gave the secretary the contract to sign. Janet said that she signed the contract because she taught it was a delivery. The equipment that was brought was to be on a struggle basis for a month, and then they would sign the lease. That was supposed to be the agreement that was made by the Quick Takes Video executives and Non-Linear Pro. ... This shows how the Non linear Pro is misrepresenting its equipment and its product in general. The other issue is that the secretary of Quick Takes Video, Janet acted on behalf of the companys executives in the level of an agent and signed the lease by mistake thought process it was a delivery account that she signs all the time. She did not take her time to read what was in the paper before signing it. This in turn, is souring up the two companys relationship and it is devising it worse. One of Quick Takes Video executive Hal says that piece of equipment that was supplied by Non Linear was a piece of junk and that the equipment that was brought was supposed to be one month trial equipment and not the real lease. Administering of Contracts In this case, the executives of the Quick Takes Video did not define to Janet on who was responsible to signing off some specific contracts in the company. During design of contracts and managing them, business owners are supposed to define to their employees on who is responsible for signing contracts that bind the company to level-headed terms. Quick Take Video should define to Janet on what her authority in the company actually is. She should be told on what contracts she is responsible for signing and which contracts are her natures of signing. In the video, the executive of Quick Takes is to blame since they directed the Non Linear Pro to finish all the arrangements with Janet. They did not however, limit the sales person that specific contractual signing was to be made by the executives alone. This is where the problem arose from. The Non Linear Pro sales person might eat up thought that Janet had the authority to sign off these contracts. On looking at some(prenominal) companies allegations against each other, they both have strong cases against