Question

You and your friends have recently moved to Canada and have established a company under the business name Cross Border Health Care (CBHC). You want to import personal protective equipment (PPE) from your country of origin to Canada. To this end, your company (CBHC) is currently negotiating with Humber River Hospital – a major health care hospital in Toronto, Ontario, to reach a mutual agreement.

explain these 3 elements of enforcible contract(150-200 words)

1.Representations and Warranties
2.Termination of Contract
3. dispute settlement and choice of law

Answer 1

For an enforceable contract, CBHC and Humber River Hospital must include representations and warranties for assurance, a termination clause outlining conditions to end the agreement, and a dispute settlement with a choice of law for resolving conflicts under a specific jurisdiction.

Step-by-step explanation:

Elements of an Enforceable Contract

Any enforceable contract must contain certain legal elements to be considered valid. In the context of Cross Border Health Care (CBHC) negotiating with Humber River Hospital, the following are key:

Representations and warranties are assurances given by the parties in a contract regarding facts and promises of performance. These statements serve as a basis for the contract. For example, CBHC may warrant that the PPE meets certain safety standards.

The termination clause specifies under which conditions either party can exit the agreement. This may include breaches in performance, such as failure to deliver the PPE on time, or external factors affecting contract viability.

Dispute settlement and choice of law lay out how disagreements about the contract will be resolved, and under which jurisdiction’s law the contract will be interpreted, respectively. In CBHC’s case, this could mean agreeing to handle any disputes through arbitration in Canada under Canadian law.