Ski Lift Manufacturers
Introduction
Ski lift manufacturers are accompany whose tasks is to manufacture a given portions of the pulleys which are used in ski lifting. The company entered into a contract where it was awarded a $50,000,000 five-year subcontract for lift pulley parts, which is to be used as the original equipments in the next generation of the ski lifts. This happens to be a contract between the ski lift manufacturers and the company to which the contract is signed, and the contract signed should always be legal to both parties.
Legality here prefers to the subject matter of the contracts where the contract should not be against the law and public policy. Any contract that is unenforceable is said to be against public policy. A fully constituted contract should have an offer, an acceptance, and a consideration. Subcontracting can sometimes create risks between the contractors that far exceed any expectation. General contractors normally insist that subcontractors always sign a standard terms as well as conditions document (Hoffman, 2009).
Process used in counselling
Ski lift Manufacturers have been trying to make sure that they perform their best by manufacturing pulleys, which are used in ski lifting although they have never attempted to have any in-house counsel or any litigation. For this case, some of the processes of counselling were managed to be carried out. Firstly, the company should be able to identify the need for counselling, this will enable the Ski Lift company to know what they are expected of the to do as well as quicker decision making, the company also intends to know the terms and conditions that govern every business and how those terms should be taken into consideration. Secondly, they should prepare for the counselling, in that they should know the reasons as to why they want to be involved in a given contract. And if so, will they be able to adhere with the terms of the contracts. Thirdly, the counselling should be carried out since the two parties have fully agreed for the contract deals, and lastly, they should follow up the counselling.
Business Terms
The terms and conditions of the business in an organization represent the an agreement between the parties who are commitment to the services offered by Ski Lift Manufacturers. No disparity of the stated terms should be made without common consent of both parties. It sometimes becomes extremely significant for clients to read and understand the document because it establishes a working relationship between the parties who are involved in signing the contract. However, many businesses often give out their standard terms as well as conditions of the business (T&C’s) small priority until a quarrel arises by which it happens to be late Incorporation of Terms & Conditions (Keenan, 2007).
Terms and conditions are usually useless unless there are proper procedures, which are, followed hence the ski lift manufacturers agreed the terms and conditions, which were stated before they were awarded a subcontract of $ 50,000,000 for the ski lifts parts. Terms and conditions should also be followed in a given organization so that they can incorporate as well as, prevailing over competing Terms and conditions. The ordinary law rule explains further the contracts are formed through offers as well as acceptance between the parties. A contract term which is new cannot be introduced unless if it is done by mutual consent (Clarkson, 2009).
Conclusion
Companies should know the three terms of the contracts before indulging themselves to any forms of business activities. The three times should be considered in mind. These involve the offer, the acceptance and them the considerations.References
Keenan, D. J., and Sarah, R.(2007). Business law. New York: Pearson Longman
Clarkson, K. W.,(2009). Business law: text and cases : legal, ethical, global, and e-commerce environments: South-Western Cengage Learning
Hoffman, S. L..(2009). The law and business of international project finance: Cambridge University Press
