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The Professional Development of a Contract

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Submitted By bluesky2001
Words 1192
Pages 5
Professional Contract Formation
Andrea Carmichael
MGT320 – The Legal and Ethical Environment of Business
Colorado State University – Global Campus
Dr. Anton Camarota
October 25, 2015

The Professional Development of a Contract
Providing educational assistance to employees is a vital part of a comprehensive employee benefits package. Many organizations have realized the benefits to investing in their employees’ education and a tuition reimbursement contract spells out the specifics of that benefit. A tuition reimbursement policy is a contract and should include all six elements of a contract formation and include things like timeframe, restrictions, and repayment conditions into the contract (Williams, 2011). The purpose of this paper is to develop a tuition assistance contract for employees of a small family business called ABC Garden Center. I will discuss how it adheres to the six elements of a formation of a contract and discuss the potential ethical issues that may arise from the terms of the contract.
The Employee Tuition Program for ABC Garden Center
The following bilateral contract establishes a reimbursement of tuition for qualified educational expenses and successful completion of courses taken from accredited colleges or universities. A bilateral contract is defined as a contract in which both parties make a promise (Lau & Johnson, 2015) In accordance with our tuition assistance policy, the following Tuition Assistance Contract needs to be completed and submitted it to your immediate supervisor.
The ABC Garden Center Tuition Assistance Contract
As part of ABC Garden Center’s educational assistance program, ABC Garden Center agrees to advance educational expenses for you to attend:
Course: ____________________________________________________________
Sponsor or College/University: _________________________________________
City, State:

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