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Marshall-Petersen-Business-Memorandum

In: Business and Management

Submitted By lubona
Words 1500
Pages 6
Memorandum

TO: Alexis Fairchild
FROM: Marshall Petersen
DATE: October 14, 2015
SUBJECT: Contract Breach

The intent of this mediation memo is to explain the breach of contract by the Muscadine grape producer, with whom l had entered into an agreement with to supply Muscadine grapes for my business. The agreement was supposed to account for a fixed price schedule, and I will delve into the facts of the case to clarify the breach of contract. I will explain the legal issues of the contract breach, request possible restitution, and appeal to conditions under which we can arrange a settlement.

Facts of the case

Six months ago while attending a church service in Alabama with my wife, I met a grape producer/ supplier who taught a Sunday School class that we attended. In the course of getting to know one another, I shared with him that l owned a small health food product business. He also informed me of his high antioxidant qualities Muscadine grapes that his family company produced and sold. After conversing with him of my goal to develop my business, he inquired if I was interested in promoting either the grapes or the various products that they developed using their seeds. I informed him that I was interested, and a few days later he supplied some samples that my customers enjoyed prompting me to place more orders. The orders increased with time due to the demands of my regular clients who loved the products. I also began investing heavily in advertising the Muscadine products in my store. The produce company delivered my orders on time based on the same reasonable price. The invoice payment terms were 30 days though I repeatedly paid late it was no more than 45 or 60 days. The invoice included a cautionary about possible interest or penalties charges for late payment. However, I was never charged. The arrangement at this point was…...

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