MEDIATION MEMORANDUM - Coursework Example

hat the grapes and its products were quickly becoming a desired product and I realized that soon the grape producer will find a better offer from another distributor and buyer. I decided to protect myself and my future business investments by drafting a contract which would ensure that the grape producer will always be selling her products to me. The contract also stipulated that the price will not be increased by any cost no matter who will be willing to purchase the products later on and at whatever cost.

The son of the grape producer made the delivery and since the contract was time conscious and I did not know what would happen between that delivery and the next, I explained the contract details to the son and he signed the contract. I did not coerce him into signing it and it was therefore a mutual decision after going through the contract to formalize the business deals. I had no prior knowledge of his age as he looked and seemed quite competent in handling the delivery and the payments, and I thought he was of age if he could be sent to handle the business on behalf of his parents.

A few weeks later, my fears turned true after the grape producer received a better offer in price and in produce quantity and decided that my business was not worth continuing the business deal. I decided to remind the grape producer about the contract agreement only to find out that the son never mentioned it to the parents. I cannot let my efforts, and the hard work I have put into advertising and marketing the grape products from scratch, go to waste simply because a better offer has been found.

It is not fair that I was the one who built the business and now that the product is known to others, I am kept aside and forgotten. The issue at hand is the lack of honoring the contract which has been signed already meaning the terms and conditions of the contract have been agreed upon and hence it can simply not be terminated without the two parties in the contract coming to an