Professional Contract Formation The contract formation is written for my family owned business called the Purple Onion. The catering business is about providing a food service for places like events, weddings, parties, or job events etc.…There is a high demand for caterers that know how to really cook and provide superior customer service, and delivery. This catering business will be on a daily bases or event. The profit margin in the catering business can be very high. With very little over head caterers can make a great profit. (My Top Business Ideas, 2016). Offer - The Contract will be about any employees that want to further their education while working for my company, they will have to sign a contract saying they will work for my company for 1 year, after the employee finishes school. The business will pay $3,000 dollars toward tuition for chef school (US Legal, 2016).
Acceptance - By accepting the contract or the offer the …show more content…
Time of performance will be included in the contract as a separate provision. This is normal included in a common law contract formation. The employee has 12 months to finish the training is question. He or she will work for the company while going to school, and will be paid an hourly wage for his or her time worked on the clock. After the training is finished the employee will pay back the tuition to the company paid for schooling every month for twelve months at $ 250. Dollars a month. This is integrated into this contract; the parties are all in agreement (Morley, 2016).
Ethical issues that could arise in business is making sure there is ethical training, this is an integral component of a small business. The business supports the equal employment opportunity commission, there will be no discriminating against any employees because of race, color, religion, sex etc. (Morley,
Acceptance - By accepting the contract or the offer the …show more content…
Time of performance will be included in the contract as a separate provision. This is normal included in a common law contract formation. The employee has 12 months to finish the training is question. He or she will work for the company while going to school, and will be paid an hourly wage for his or her time worked on the clock. After the training is finished the employee will pay back the tuition to the company paid for schooling every month for twelve months at $ 250. Dollars a month. This is integrated into this contract; the parties are all in agreement (Morley, 2016).
Ethical issues that could arise in business is making sure there is ethical training, this is an integral component of a small business. The business supports the equal employment opportunity commission, there will be no discriminating against any employees because of race, color, religion, sex etc. (Morley,