Appraise Legal Concerns – Based On Contract Law, Agency Law, the Uniform Commercial Code (UCC) and the Federal Acquisition Regulations

Appraise Legal Concerns

During a recent senior management meeting the discussion was started about what were the corporations legal obligations should they decide not to procure all of the products and materials originally identified in the project scope. The CFO has asked you to provide your thoughts on the question “Would a legal battle ensue between your company and the supplier?” You tell the CFO you will assemble a paper to explain the legal aspects of procurement and specifically how project procurement could be effective tool for the project.

You will need to evaluate the legal aspects of procurement. The focus should be on the basics of contract law, agency law, the Uniform Commercial Code (UCC) and the Federal Acquisition Regulations (FAR). Summarize the company’s position in relation to the supplier and how the position will be supported by understanding the legal aspects of procurement Analyze how the project manager will be supported by the contracting management function.

Support your paper with minimum of five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards