Have you ever clicked a box accepting the terms of service to use software or an app on your computer? Did you read it before clicking?
Locate and read a business contract—a mobile phone service agreement, terms of use for software or use of digital apps are examples. Many examples are available online. Write an introductory summary of the document you have selected. This should be one or two paragraphs and include the following information.
How long is the document? Is it straight forward and easy to understand? Are any of the terms particularly surprising or unfair? Please describe. Is this a document you would be willing to sign if you were interested in the service or the product? Why or why not?
Then define and evaluate the contract in terms of the 7 characteristics that a contract must have to be enforceable. They are:
1. Offer
2. Acceptance
3. Consideration
4. Legality
5. Capacity
6. Writing
7. Termination