Negotiate+This!

The Goal of this mini-project is for you to understand the three main concepts of contracts: Offer, Acceptance, and Consideration. In addition, you will learn how to negotiate a contract to get the best possible deal for yourself (or your client).

First...let's review... > 1. What is an offer? An invitation to make a contract > 2. What do we call the person who makes the offer? The offeror > 3. What is acceptance? The agreement to participate in the contract > 4. When is acceptance made? Not until there is a valid offer > 5. What do we call the person who accepts the offer? The offeree > 6. What is the main principle of consideration? //Both// sides have to give up something and get something > Listed below are some examples of contracts. Review the different types of contracts and then answer the questions that follow. > Examples: grocery store “club” card, free email user agreement, car purchasing, car insurance, sports > 2. What is the offer, acceptance and consideration in each of these contracts? > 3. Were these contracts negotiated? > 4. Have any of them ever been in a contract that was negotiated? Next...let's get introduced to the negotiation exercise. This exercise will show how a lot of contracts are made – through the process of negotiation. > 1. You have been assigned you to teams. In each team, there are both clients and attorneys. > 2. Each side will be given a set of information about what they want in this contract. The attorney and the client must work together to get the best result for the client. > 3. After I hand out the materials, you will have 15 minutes to confer with your side and make a strategy for going into the negotiation. > 4. After 15 minutes, you will get with your opponents and negotiate the contract. > 5. Keep your confidential information secret!!! > 6. Once you've completed your negotiations, present the proposed contract to the teacher. > 7. Access this Contract Website for examples of contracts. > 8. Create a Google Doc and share it with everyone in both teams. Both teams must collaborate to write the contract. > 9. Be sure to include EVERYONE'S names on the contract before you share it with your teacher.