Before Katie enters into a contract with her builders its important that she is aware of the different types of business agreements available to her that will safeguard her interests. The agreements can be unilateral, bilateral and standard from c

The first 200 words of this essay...

CASE 1

a) Before Katie enters into a contract with her builders it's important that she is aware of the different types of business agreements available to her that will safeguard her interests. The agreements can be unilateral, bilateral and standard from contract.

I will now explain to Katie in detail the use of each of these agreements mentioned above and I will advise Katie which agreement is most suitable for her.

Standard Form Contract; is a document prepared by many large organisations such as mobile phone operators, gas and electricity suppliers etc...This type of contract allows the large organisations to set out the terms on which they contract with the customers. The customer usually must either take it or leave it if they don't' agree to the terms. It leaves the customer no bargaining power at all.

A unilateral contract is where all the terms come from one party. In general adverts for return of lost property for reward are thought of as being "unilateral contracts".

A bilateral agreement is where the terms of the contract come from both parties involved. Bilateral agreement can be drawn between two individuals, between one individual and