Everyone has a
chance In America to become someone. You can invent something start your own
business or even just have a happy life. We are also protected from other
people who try to steal your Ideas from you. Thanks to contracts, copyrights,
and patents we all really do have a chance. “A contract is merely a legally
enforceable agreement. People regularly make promises, but only some of them
are enforceable. For a contract to be enforceable, seven key characteristics
must be present. We will study this “checklist” at length in the next several
chapters."(Beatty & Samuelson pg.143) Contracts are the main one I
want to give my opinion on. Contracts were made so people don't get ran over on,
and everyone knows that everyone keeps there word now a days so you can trust
anybody with a tongue. A contract protects people for it is "A promise
that the law will enforce."(Beatty & Samuelson pg. 144) So if one party
breaks their legal promises legal actions will take course. Contracts help Business get started contracts
have considerations or it is not a contract. “There has to be bargaining that
leads to an exchange between the parties. Contracts cannot be a one-way street;
both sides must receive some measurable benefit. "Beatty & Samuelson
pg. 143) In my own argument without contracts we really wouldn't get anywhere
when trying to settle anything. Contracts set the stage and change the outcome
of situations. As long as a contract is a valid one people can go home and
sleep at night. "Valid Contracts must satisfy all of the law's
requirements and it will be forced in the court of law."(Beatty &
Samuelson pg.145) Contracts help people with jobs and even when they want to
quit their job. These are called At Will contracts because when you have a job
and you quit you have the right to do so at any will just like an employer has
the right to fire you and not tell you the reason.
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