Before you start on this week's part of the project, you learn more facts about
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Before you start on this week's part of the project, you learn more facts about

Before you start on this week's part of the project, you learn more facts about the negotiation of this contract: Bob decides that he wants the toys and calls you to set up a meeting to discuss the price and to examine the collection of toys to make sure they are in excellent shape. On October, you meet at a local restaurant whereupon Bob examines the toys, which are up to his standards. You offer to sell them to him for Bob scoffs and offers. Although you are a bit frustrated with his counteroffer, you remember that you really need the money so you offer Bob grumbles and increases his offer by a mere to He claims he will not pay a penny more. You lower your price to and inform him that this is your best, final offer. Bob states that he will not pay that price and departs the restaurant. Feeling defeated you collect your toys and go home. As you walk home, you wonder if you should have continued the negotiation and gone lower seeing that is your goal price. On October, you get a call from Bob. It turns out that he combed the entire Internet and can't seem to find a set that is complete like the one you are offering. Sounding a little bashful, Bob offers to pay you for the set. Just to toy with Bob a bit, you provide a price of After hesitating for a few moment, Bob accepts. You mutually agree that you will meet at noon on October back at the restaurant that you met the previous week. You make a stipulation that you want payment to be in cash, particularly smaller bills. Earlier you were introduced to the overview of the project for this course. For this week you will start on your way to drafting a contract for this situation by filling in the worksheet that appears as an attachment below. You will need to open the attachment and save it to your files. You will fill in the worksheet and answer the questions that follow the chart. APA formatt with formatted APA citation

Hint
Business "The primary stage of any contract’s life cycle is a drafting stage. Contract drafting represents one of the most critical components of a contract management lifecycle since it offers a foundation upon which an entire contract is built. Precision and clarity must drive the same."...

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