Note: I need the answer of the following assignment as per provided instructions. Must address everything properly. Must include 3-5 sources Cited in APA format. Must provide 100% original answer.
Assignment Case Analysis
Determine whether certain contract remedies exist in the following scenario:
Forrest Gump is a famous table tennis player. He enters into a contract with Alabama Sports Marketing to advertise the latest ping pong game and to serve as the computer-generated imagery (CGI) model for the development of the video game. Gump is perfect for this job as there are not many world famous ping pong players who have a following similar to his. The game is set to start development on March 1 and will be completed on July 31 so the game can be released at Thanksgivinga major video game release period. Both parties have agreed and stipulated to the fact that the game must be completed on time to maximize the profits. Gump will make 20% of the net proceeds from the sales of the game. In addition the contract has a liquidated damages clause that indicates that if Gump does not participate in the marketing does not serve as the CGI model or breaches the contract in any way he will owe Alabama Sports Marketing $2 million.
Based on this fact pattern and the information presented in this unit answer the following questions in a minimum of 250 words each.
Include 3-5 sources Cited in APA format.