Do Now 1)What is a contract? 2) What does it mean when people talk about "the fine print"?

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Presentation transcript:

Do Now 1)What is a contract? 2) What does it mean when people talk about "the fine print"?

Reminders News Article Analysis due FRIDAY!

10.4- Contracts Contract- formal, legally binding agreement “Fine Print”- the terms and conditions you agree to when you sign a contract

Why read the Fine Print? You will understand exactly what you are agreeing to when you sign the contract. It often contains information about extra charges or fees

What to do before you sign a contact READ THE CONTRACT If you do not understand something, ask questions! Check all the figures and charges Do not sign a contract that has mistakes or missing information

Be careful of the following: Don’t let the salesperson rush you Never sign a contract with blank spaces. Do not agree to verbal contracts- get it in writing! Always request a copy of the contract

Independent Practice Use the sample T-Mobile contract to answer the questions

Homework News Article Analysis due FRIDAY!

Exit ticket 1) What is the "fine print"? 2) What is the most important thing to beware of when signing a contact?