Memo.docx - MEMORANDUM TO Professor FROM DATE March 3 2019...

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MEMORANDUM TO: Professor FROM: DATE: March 3, 2019 This draft agreement satisfies multiple aspects outlined in the Restatement (Second) of Contracts. For instance, the entire agreement fits § 71 of the Restatement through meeting the requirement of exchange. That is the agreement is bargained for, and it notes promises and forbearances. The introduction paragraphs and Employment paragraph (Paragraph 1) are intentionally included to satisfy § 17, § 18 and § 22 of the Restatement (Second) of Contracts. The paragraphs clearly outline the parties involved, the bargain and offer, and the manifestation to determine mutual assent. Similarly, they solidify consideration of contract. Further, § 54 of the Restatement is important to the introduction paragraph regarding a necessity of notification to the company for acceptance in a timely manner. The Commencement and Expiration Dates paragraph (Paragraph 2) is important because it states the term of the agreement, making it suitable for the enforcement of the Statute of Frauds, and thus requiring the written agreement. It is also beneficial for both parties to understand the precise dates of employment so no confusion is made.

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