Introduction to Law and Contracts

Introduction to Law and Contracts

Introduction

A contract is a deal that is lawfully enforceable and for that reason can be decided in a court of law (www.law.freeadvice.com). Comedian Chappelle is experiencing a court case with his ex- Personal Manager, Abuelhija, who asserts that Dave owes him a part of his television play earnings. He filed a break-of-agreement lawsuit next to him in Manhattan Centralized Court, asserting that Chappelle owes him approximately $864,500. Abuelhija asserted that he facilitated agent deals which made him to earn $10 million, in the ten month time when he offered his service as his Manager. This paper will address the case of Dave Chappell, who is being sued by his Personal Manager, Mustafa Abuelhiji for the break of agreement.

Discussion

Elements of a Contract

The case study asserts there is an agreement (an implied or unstated one) but that the conditions of the offer and the responsibilities in the agreement are not acknowledged, making a determination of violation complicated. Despite the fact that the contract for Abuelhiji to perform as Chappelles personal manager was never put to writing, as the court case asserts that the agreement is legally binding in that it fulfills all the criterion for an authorized and obligatory unwritten agreement, offer, approval and contemplation.

Agreements have presented for many years; in a way our Nation States own Statement of Independence that is a legally binding agreement, as it was drawn up by a number of legal representatives. It is a promise with the populace, and its prospects for those who stand for it and for those who do not. This nation state was created by agreements, with the crowned heads contracting populace to discover the “novel globe” and reimbursing them in accord with the contractual requirements.

Main essentials of an agreement evidently mention that the concerned parties in which the agreement pertains to, together with conditions and terms. Agreement permits both parties “fortification” by describing and illuminating necessities and potentials from all parties concerned in the deal. There are diverse kinds of contracts; it can be articulated vocally or in written statement. An unstated agreement is one in which some of the conditions are not articulated in words. In the case, the contract was not put in writing and it was clear from the facts that both parties were entered in to a management agreement (Ollek, 2004).

Both parties agreed that mutual contract has been formed between them, though it was not in a written format. An unwritten agreement is not legitimate until the offer is acknowledged. The approval of an oral contract takes place when the party to whom the deal is offered willingly point towards contract to its provisions and terms (Ollek, 2004).

Consideration: Together with an offer and approval, unwritten agreements must include contemplation. This refers that each party must offer the other something of worth for the contract to be legally binding. In many unwritten agreements, there is an exchange of funds, for instance a first ...