Consulting Agreement

2 Pages
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Department
Management and Organizational Studies
Course Code
Management and Organizational Studies 2276A/B
Professor
Frederick King

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Description
Consulting Agreement 1/29/2013 8:01:00 AM Participants  ABC Limited (company)  XYZ Incorporated (consultant)  Jane Manners (consulting company representative) o The individual must be named so that we know who is liable for the contract o You cannot have a contract with something that is not incorporated, must have Inc., Ltd. or Corp. o If the Jane Manners signature line was not on the contract, but she signed on the XYZ line, Jane is not bound because she signed as an officer (an agent of the corporation), not in her personal capacity (she did not intend to be legally bound) Key Points  For good and valuable consideration – means that the participants understand that consideration is involved (exchange of goods/services) o Jane isn’t actually getting any consideration  1 – Services written with a capital “S” means that “Services” stands for what it was just defined as (rather than restating all the services)  2 – courts feel that contracts should have a specific term, continues to renew unless terminated  3 – 5 – basic business terms  6 – taking the base standard of service and said that the standard of care should be higher than just the minimum requirement o Most say for a better standard of care, a higher price must be
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