Elements of a Contract
Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears:
“The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.”
- Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.
- Explain why this contract is governed by common law or the Uniform Commercial Code (UCC).
- Examine at least two circumstances in which this non-compete agreement would be unenforceable.
Submit a four- to five-page paper (not including title and reference pages). Your paper must be formatted according to APA style as outlined in the approved APA style guide and must cite three scholarly sources in addition to the textbook.
Below is the chapter readings you can use to gather some information. Please use peer reviewed scholars. Thanks again.
Seaquist, G. (2012). Business law for managers. San Diego, CA: Bridgepoint Education, Inc
20141107181620ch._11 (1) 20141107181604ch._10 20141107181542ch._9
Answer preview
A contract is an agreement between the contracting parties that is entered with the intention of creating obligations that are legally binding. A valid contract is legally obligatory and enforceable. It must essentially contain the five elements of a contract (Seaquist, 2012).
First, there must be intent to make legal relations. The purpose of the contract made by the contracting parties must have the intention to have a legally binding contract…words 1,161