1. What is a Contract? Every time you buy something from a shop you have entered into an agreement – this agreement is called a Contract Every time you buy something from anyone you have entered into a Contract What contracts have you made in the last few days? Resource 1A – What is a contract? (KS3)Slide 1 of 4 Hampshire County Council – Consumer Education within the Citizenship Curriculum

2. When you buy something There are rules You have expectations about what you are going to get The shopkeeper has expectations about how much you are going to pay. These expectations are called TERMS Resource 1A – What is a contract?(KS3)Slide 2 of 4 Hampshire County Council – Consumer Education within the Citizenship Curriculum

3. All contracts consist of TERMS which are the agreements that have been made – they may be written or unwritten for example if you are going to wash someones car one term of the agreement would be that they would pay you £5 Resource 1A – What is a contract(KS3)Slide 3 of 4 Hampshire County Council – Consumer Education within the Citizenship Curriculum

4. What have you paid for today? When you were paying for that item you were making a contract. What TERMS did you assume had been agreed? Resource 1A – What is a contract(KS3)Slide 4 of 4 Hampshire County Council – Consumer Education within the Citizenship Curriculum