Law 531 Contract Creation and Management

Good Essays
Contract Creation and Management
Erica Ackerman
University of Phoenix Online
Business Law
LAW 531
Laurie Wicker
April 30, 2012

Contract Creation and Management Introduction A contract is a binding agreement between two or more mutual parties. When people enter into a contract, they must abide by every article of the contract or they are in danger of a lawsuit for breach of contract (Cheeseman, 2010). The author of this paper completed the contract creation and management simulation. In this paper, the author will analyze that simulation.
The Scenario The author was put into the position of a project manager at the company called Span Systems. The client being dealt with in the simulation is Citizen-Schwarz AG (C-S), which is a large bank in Germany. There is a one-year contract in existence between C-S and Span Systems. The contract deals with a banking software project and is worth six million dollars. There are four people involved in the scenario, the author in the position of the project manager, Kevin Grant, the director, Harold Smith, a transactional lawyer, and Leon Ther, an IT outsourcing director.
The Major Issue After working on the project for eight months, Leon Ther becomes upset that the deliverables from Span Systems are behind the schedule previously set and the quality has been poor. He is extremely upset because there is a deadline for the software to be released to the public. With all the issues in the software caused by Span Systems, the release may be halted. Ther wants immediate action against Span Systems dealing with this issue.

Best Defense The author had to choose three contract clauses to try to launch a defense when dealing with the complaints from C-S. The author chose breach of contract under substantial performance of contract, breach of contract under requirements change, and breach of contract under intellectual property rights. The attorney with Span Systems informed the



References: Cheeseman, H. R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

You May Also Find These Documents Helpful

  • Better Essays

    Contract Creation and Management Johnny B Good LAW/531 April 30, 2012 Professor Law Contract Creation and Management This week assignment is to provide analysis on the Contract Creation and Management simulation provided in the University of Phoenix (UOP) materials website. The simulation involves two companies; Span Systems, a California-based custom e-banking software developer and Citizen-Schwarz AG (C-S), a Stuttgart-based bank with revenues of over $20 billion. Through C-S’s regional…

    • 1745 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Contract Creation and Management LAW/531 October 17, 2011 Contract Cron and Management The objective for the contract creation and management assignment was to review The Nature of Agency video. After watching the video, the assignment asks for an analysis of the issues presented in The Nature of Agency video. The video elaborates on how someone signature can cause the company a lawsuit. In the video, the company Quick Takes Video is facing a collection claims from Non-Linear Pro because of a…

    • 817 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Contract Creation and Manage Law 531 Contract Creation and Management After completion of the Contract Creation and Management simulation the following legal issues were noted. There were problems with this contract from the beginning because the specifics of the contract were ambiguous from the start. The companies involved developed a contractual relationship by evidence of an offer, acceptance of the offer and valid and legal consideration, which in this case is money for services rendered…

    • 1211 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    “Contract Creation and Management Simulation” Bus Law 531 August 30, 2011 Contract Creation and Management SimulationThe simulation shows a confutation between two software-developing companies, Span Systems, and its customer Citizen-Schwartz AG (C-S), a largeGerman bank. The two companies are in difference of opinion over the quality and timeliness of deliverables. There have been major bugs found by C-S during testing and…

    • 1366 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Contract Creation

    • 829 Words
    • 4 Pages

    Contract Creation and Management Simulation LAW/531 Span Systems entered into a six billion dollar bilateral contract with Citizen-Schwarz AG (C-S) to develop and implement their new banking software. (University of Phoenix, 2002) This paper will discuss an analysis of the issues presented in the Contract Creation and Management Stimulus. C-S personnel started to protect C-S personnel because of the quality of their work. It is possible…

    • 829 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Span Systems Memo To: Kevin Grant From: Mike Smith CC: Harold Smith Date: 8/24/2007 Re: Citizen-Schwarz AG Contract In the future, if Citizen-Schwarz AG continues to change their original contract requirements there needs to be sign offs from both Span Systems and Citizen-Schwarz AG directors. Prior to Span Systems' director signing off Citizen-Schwarz AG's request, a panel of senior programmers at Span Systems needs to approve the request, so programming changes can be adequately evaluated…

    • 1031 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Contract Creation and Management Simulation William University of Cincinnati Legal Environment of Business Judge Jim P. Ponder July 2, 2000 Contract Creation and Management Simulation The simulation begins in the middle of a major dispute between a software-developing company, Span Systems, and one of its customers, Citizen-Schwartz AG (C-S), a large German bank. The two companies are in dispute over the quality and timeliness of deliverables. There have been major bugs found by C-S during…

    • 1260 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Contract Creation and Management Assignment In this paper I will give my analysis of the issues presented in the Contract Creation and Management simulation. Within the paper I will provide contractual resolutions that will offer the development of a plan that will defuse possible contractual disputes. Citizen Schwartz will be given rapid and economical dispute resolution options, while Span Systems will be given the resources to recoup a significant business relationship following a contractual…

    • 1059 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Running head: CONTRACT CREATION AND MANAGEMENT SIMULATION MEMO Contract Creation And Management Simulation Memo Nigel Summers BUS LAW/531 12/3/09 Toni Seller Abstract This paper is a memo stating the legal Issues and legal risks within the simulation. Suggest different strategies or factors to avoid these risks, minimize liabilities for managers, and suggest different alternative approaches to resolve the problems identified in the simulation and explaining which alternative approach would…

    • 724 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Contract Creation and Management - Nature of Agency LAW 531 June 18, 2012 Contract Creation and Management - Nature of Agency Successful contract creation is essential for two or more different parties to conduct business. A contract needs to be full of specifics and lacking in ambiguity, otherwise interpretations, based on needs and experience, can and will be made by both sides. One such area of potential ambiguity in a contract is that of agency. Agency is a relationship where a principal…

    • 1630 Words
    • 7 Pages
    Better Essays