Recognizing Contract Risk and Opportunities Memo
? Resources: Contract Creation and Management Simulation
? Conduct the Contract Creation and Management simulation, located on your student
? Identify the legal issues present in the simulation and note the legal principles that
apply to each legal issue.
? Reflect on the legal principles presented in this week’s readings.
? Prepare a memo in which you discuss the legal risks and opportunities that are in the
simulation, and complete the following:
o Identify what a manager might do to avoid those risks, to minimize liabilities, and
to benefit from opportunities. Each legal risk or opportunity is governed by
o Identify the legal principles and relate specific measures managers might take to
minimize legal risk or realize legal opportunities.
o Evaluate alternatives to resolve problems identified in the simulation.
o Explain which alternative approach you believe is best and explain why.
? Write a memo of no more than 1,400 words.
? Format your memo consistent with APA guidelines.