Business Law Phase 2 Individual Project Essay Example | Topics and Well Written Essays - 750 words

Business Law Phase 2 Individual Project - Essay Example said contract period, to comply with any provision of this Agreement intended for the client’s protection or benefit, or that that by its sense and context, is intended to survive the completion, expiration or termination of this Agreement. Contractor understands that no work should begin under this agreement until all required signatures on this Agreement have been obtained. Any work performed by contractor prior to such time shall be considered as having been performed at the contractor’s own risk and as a volunteer. Client may terminate this Agreement in whole or in part for its sole Convenience. Upon notice of such termination, Contractor shall immediately stop all work including shipment of goods under this Agreement and cause its suppliers and/or subcontractors to cease their work for this Agreement. In the event of such termination, Contractor shall be entitled to payment, calculated on a pro rata or other equitable basis, determined by the Client in its sole discretion, for work or services satisfactorily performed. In no event shall Contractor be paid for work performed or costs incurred after receipt of notice of termination, or for costs incurred by suppliers or subcontractors, which reasonably could have been avoided. Offer: It is mentioned that the offeror/ contractor offers to perform the house renovation as agreed upon in ‘annex 1’. Basing on the given guidelines, the contractor shall render the service needed by the client in exchange for monetary payment at the end of the contract period. It is also stated how the contractor expects to be compensated in the ‘Terms of Payment’ section. As such, the contractor is able to clearly state what is expected of him while bound by this service contract. Acceptance: The client/ offeree signified his intent to comply with his side of the agreement by signing off the document. With this, the client makes it clear that he understands what is expected of him as a client and agrees to pay for the