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  1. Suppose you have a "Tootpaste" company in New York City. As per this, answer the following question briefly:

● A discussion of the contracts your company will enter into with:
o Executives, Other employees, Suppliers, Trading partners, and Customers
● A discussion of contract clauses dealing with potential litigation, mediation, and/or arbitration
● Describe one contract in detail to cover:
o Formation (Offer, acceptance, written versus oral)
o Terms, Bilateral versus unilateral, terms, performance, 
o consideration, breach, damages, remedies, etc.
● Describe a scenario where your company might declare bankruptcy
o Describe the different chapters of bankruptcy and why or why not your company might choose each relevant chapter

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