Drafting a Contract Assignment
After making a very wise investment in art several years ago, SEYMOUR SELLER has decided it is time to sell the famous painting, entitled “Villains” by artist Crabby Squid. The painting has an approximate fair market value of $30,000 and is an oil on canvas original.
Batman Villians Animated Series
SEYMOUR places and ad on Craigslist which is answered by BUBBA BUYER. After inspecting the painting, BUBBA says he’ll return at 6:00pm on May 1, 20XX with $27,500 “in cash.”
Assume you are SEYMOUR SELLER, draft a simple contract that you and BUBBA BUYER can execute. Use May 1, 20XX
Use your creativity, imagination, legal experience, business experience, common sense, and negotiating skills to draft a contract that binds the other party, best serves and protects you, but also is fair enough that the other party will likely agree to its terms, or at least most of them. Turn in your best non-lawyer attempt at drafting a written contract in proper word-p
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