Second Quarter
Task
Complete Company Contracts
Description of Task
As outlined in the company’s business plan, each company must pay all bills required by the business plan (this includes payments to the VE central office). Examples of contracts needed: utilities, insurance, telephone, Internet provider, rent, equipment leases, etc. Payments must reflect information outlined in the business plan. Each company must register information related to its bills and maintain an ongoing monthly spreadsheet verifying payments.
Requirements
Each company is required to have all company contracts in place by the end of the first month of operation. When possible please pay Virtual Enterprise companies not the VE central office. It is unacceptable to not have company payments completed by the end of the first month of business operation.
When Assignment is Due
Completion for this task is due at the end of the twelfth week; completion of the company bills spreadsheet is due at the end of each month after business is open for operation (10-hour program)
Registration for this task is due at the end of the twenty-first week; completion of the company bills spreadsheet is due at the end of each month after business is open for operation (5-hour program)
Resources
Please click here for a sample of business contracts. Business contracts are similar to company contracts that should be in place for all Virtual Enterprises by the end of their first month of business operation. At all Virtual Enterprise Trade Fairs you will be required to research and write ongoing monthly contracts with actual Virtual Enterprises. See below for an example of one these contracts.
Company Rating (if it applies)
This task will count in the company rating. Use the VE General Rubric for company rating scale.
Note
Send all completed tasks in to hard copy Virtual Enterprise Center
Attn: Nancy Phillips
Regional Occupation Center
501 S. Mt. Vernon
Bakersfield, CA 93313
Contract for the Sale of Goods
1. Parties to this contract: Marriott International, Inc., a corporation (“Buyer”) and Kali Business Designers, Inc., a California Virtual Corporation (“Seller”).
2. Agreement: Seller hereby agrees to sell, and Buyer hereby agrees to buy, under terms of this contract, 5,000 (five thousand) “polo” style T-shirts each calendar month, to be delivered to Buyer at the places, and at the times, and for the prices and under the conditions set forth below.
3. Description of Goods: Polo-type T-shirts, white in color, with collars, with the “Marriott International” logo embossed in red on the left breast area of each shirt, 100% cotton, machine-washable.
4. Quantity of Goods: Buyer shall deliver to Seller, at destinations to be designated by Seller at least three (3) days prior to shipment, 5,000 (five thousand) shirts per calendar month.
5. Frequency of Delivery: 5,000 (five thousand) shirts shall be received by Buyer, at the designated destination, not later than 5:00 p.m., time at destination, on the last business day of each calendar month, beginning with the month of December 1998 and ending with the month of November 2000.
6. Sales Prices, Taxes, and Shipping Charges:
a. Seller agrees to pay Buyer $25.00 (twenty-five dollars, US currency) for each shirt delivered that meets contract specifications for material and workmanship; and
b. Seller agrees to pay Buyer any sales tax required by each destination’s State or Commonwealth of the United States, U.S. Possession, U.S. Territory, and any such sales or use tax or customs duty imposed by a foreign country; and
c. Seller agrees to pay Buyer any cost of shipping, handling, and insurance reasonably incurred by Buyer in delivering these goods to their designated destinations.
7. Warranty: Seller warrants that all shirts provided to Buyer under terms of this contract shall be of good quality and workmanship and agrees to replace any and all shirts found to be defective for a period of 90 (ninety) days from the date Buyer receives said shirts. This shall be Seller’s exclusive warranty and shall be in lieu of any warranty of general merchantability or fitness for a particular purpose.
8. Exclusivity of Agreement: This document shall constitute the entire agreement between the parties and hereby supersedes all previous or contemporaneous oral or written representations between the parties or any of their representatives.
Intending to bind their respective principals, the representatives or agents of the parties to this contract hereby execute this contract as of the date and at the location shown below:
Date: ______
Location: ______
Marriott International, Inc. (“Buyer”)
by: ______
BUYER’S REPRESENTATIVE
SENIOR VICE PRESIDENT, MARKETING
Date: ______
Location: ______
Kali Business Designers, Inc. (“Seller”)
by: ______
Ebony Williams
CHIEF FINANCIAL OFFICER