Write Your Own Contact - Instructions
In this assignment, you will write your own fictitious contract. You are 18 years old and
are entering into a sales contract with your partner. One partner will be the buyer, the
other partner will be the seller. Follow the outline provided and any other examples you
wish to create your own contract. However, these contracts must be in your own words.
I should not see verbatim lines in your contract from sources that you use. Provide a list
of sources that you used to help you.
Timeline for assignment:
Day 1: Complete Opening Paragraph, Explanation, and Provisions 1 & 2
Day 2: Complete Provisions 3, 4, and 5 and the Signature
Rubric:
2 points
1 point
0 points
Opening
Paragraph
Both parties are
named and
identified for
contract. Date is
included in
contract.
Both parties are
named, but not
identified. Date is
included in
contract.
Both parties are
named, but not
identified. Date is
not included in
contract.
Explanation
Object/Service of
contract is
identified and
reason of contract
is explained.
Object/Service of
contract is
identified.
Object/Service of
contract is not
identified.
Provision 1
Payment amount
and method of
object/service is
identified
Payment amount
of object/service
is identified, but
not the method.
Payment amount
and method are
not identified.
Provision 2
Transaction
clearly and
specifically
identifies what
each party will
receive at the end
of the contract.
Transaction
identifies what
each party will
receive, but there
is room for
interpretation or
object/service is
too ambiguous.
Object/service is
not identified.
Provision 3
Actions that either
party can take if
one party does
not meet the
terms of
agreement are
clearly defined.
Actions of only
one party if other
party does not
meet the terms of
the agreement are
identified.
Actions are not
identified if either
party does not
meet the terms of
the agreement.
Provision 4
An additional
provision is
clearly provided in
terms of the
contract (writers’
choice).
An additional
provision is
included, but not
defined.
Additional
provision is not
included
Provision 5
Conditions to
terminate the
contract are
clearly defined.
Conditions to
terminate the
contract are
included, but
ambiguous.
Conditions to
terminate the
contract are not
included.
Both parties’
signatures are
included and the
date
One party’s
signature or no
signatures are
included or dates
are missing
Signatures*
Total: 15 Points
*Note: For the signatures, use a cursive type font to sign names of parties involved.
Remember, this is a fictitious contract, no provisions in this contract will be considered
binding.