Contracts

Part 1. Write a 3 - 5 page (750 -1250 words) paper on the following topic. Support your information using peer-reviewed or scholarly journals. Follow APA format and attach as a Microsoft Word document.

A contract is a type of agreement, either written or oral, that involves legally binding obligations between two or more parties. A crucial element of being healthcare provider is having a basic understanding of contracts and their legal implications.

For this assignment, investigate the topic of contracts and summarize your findings in your paper. Include the following information in your paper:

• Discuss the elements of a contract.
• Describe the differences between an express and an implied contract.
• Discuss the remedies available for nonperformance of a contract.
• Discuss the importance of disclaimers in employee handbooks.
• Explain why exclusive contracts are controversial

Part 2. must be two to three substantive paragraphs 250+ total words and include at least two APA-formatted citation/reference

WHY: Discussion questions are designed for you to demonstrate your knowledge and understanding of the weekly material. This forum provides an opportunity to develop ideas and concepts with your instructor and peers. This discussion format assists with development of communication skills and critical thinking necessary for success in the modern workplace. HOW: Your posts should be substantive, demonstrate independent thought relevant to the topic, and encourage continued discussion. Please avoid simply repeating previous posts and agreeing. Provide supporting evidence for your ideas and opinions through the use of personal or work examples, relevant articles or websites, or concepts covered in the week’s readings. Best practice: compose and save your discussion post in a word processing document, then copy and paste it in the Discussion Forum.

What are statutes of limitations and what is the impact of the statutes of limitations when pursuing legal action? How do the statutes of limitations favor defendants in a lawsuit?