[Verse 1] Sarah's building features for the mobile app release Legal says the vendor contract needs another clause at least Three elements make it binding, can't forget a single one Offer, acceptance, consideration, that's how contracts are begun [Chorus] O-A-C, that's the key, formation's foundation strong Offer clear, accept sincere, consideration along Performance, breach, and remedies, product leaders need to know When the deal goes south, protect your route, that's how the contracts flow [Verse 2] Tom proposed the API integration, timeline set for May Vendor countered with new pricing, original offer went away Mirror image rule is fading, UCC says close enough Battle of the forms gets messy when the terms are getting tough [Chorus] O-A-C, that's the key, formation's foundation strong Offer clear, accept sincere, consideration along Performance, breach, and remedies, product leaders need to know When the deal goes south, protect your route, that's how the contracts flow [Verse 3] Performance comes in three main flavors, complete substantial or not Minor breach means contract continues, material breach hits the spot Perfect tender rule for goods, but services get more slack Cure period for the vendor if their delivery's off track [Bridge] When things break down, don't just frown Four remedies await Damages, specific performance too Restitution and rescission, that's your suit [Verse 4] Expectancy damages forward-looking, put you where you'd be Reliance damages backward-facing, cover what you spent to see Consequential and incidental, types of damages that flow Mitigation is your duty, can't just let the losses grow [Final Chorus] O-A-C, that's the key, formation's foundation strong Offer clear, accept sincere, consideration along Performance, breach, and remedies, product leaders need to know When the deal goes south, protect your route, that's how the contracts flow [Outro] From formation through performance, to the breach and past Contract law for product leaders, make your features last
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