Internal Continuous Assessment (ICA) Guidelines

Special Contracts for Business

Fifth year- 10th Semester

Component Marks
Assignment Submission 20 marks
Presentation 10 marks
Viva-Voce 10 marks
Class Participation 10 marks
Total 50 marks

Assignment Submission
1. Read the facts mentioned below.
1. Abidas Ltd (“Company”) is a company incorporated under Companies Act,
2013 having its registered office in Mumbai, Maharashtra. The Company is
engaged in the production and sale of sportswear.
2. On 1st February 2023, they have launched their latest product- DIY Abidas
(“Product”). DIY Abidas are special edition sports shoes. The Company has
declared that it would allow the customers to design and customize their
Abidas sports shoes. The Company would deliver the customized version to
the customers according to their design submitted to the company through
the portal provided in its official website.
3. For the promotion of the Product, the Company has approached Mr Milind
Menon, a social media influencer who promotes fitness and health through
his social media channels on Instagram and YouTube.
4. The Company has approached you to draft the Agreement according to the
following terms:
 a. The Company and Mr Menon will enter into an agreement
(“Agreement”) for the promotion of the product of the Company- DIY
Abidas.
b. The Agreement shall be for a fixed duration of 2 years subject to
termination earlier by either party upon the terms mentioned below.
c. Mr Menon shall be required to promote the product during the course of
the Agreement by social media posts, reels, videos etc.
d. The payment to Mr Menon as consideration under this agreement shall
have two components-
i. Fixed Component- an amount of Rs 50 lakhs for each successful
year of the completion of the agreement.
ii. Variable Component- an amount of Rs 2 lakhs for every 10
customers who purchase the product-DIY Abidas and upload a
post on the product’s social media page tagging Mr Menon.
e. The termination of the agreement can be done by the Company with or
without cause. If the Company terminates the Agreement for cause, Mr
Menon shall be liable to pay to the Company an amount of Rs 5 Crore
regardless of the nature of breach.
Mr Menon can terminate the contract only for cause and the Company
shall be liable to pay Mr Menon a maximum amount of Rs 50 lakhs in
the event of any breach by the Company.
2. Students are required to draft an agreement based on the facts provided. However,
the agreement should be enforceable by law. Any modifications can be done to the
terms provided by the Company which is required to make the agreement
enforceable by law.
3. Facts can be assumed by the student wherever facts are not provided. No
modification can be made to the provided facts.
4. Agreement should include all the essential clauses of a valid contract relevant to the
subject-matter of the Agreement.
5. It shall be an individual assignment.
6. Soft copy of the Assignment shall be submitted in .pdf format through Google
Drive through the CRs on or before the deadline. The last date for submission of
the Assignment is 27th March 2023 by 11.59 pm.
 7. The formatting of the Assignment shall be done according to the following
guidelines:
 Font- Title- Times New Roman, Size- 14, Bold, Underlined
Body- Times New Roman, Size-12
 Spacing- 1.5 pts
 Alignment-Justified

Power Point Presentation and Viva-Voce

1. Students shall be required to make an oral presentation covering the important clauses
covered in the Agreement. The presentation shall be followed by viva-voce.
2. The time duration for oral presentation shall be 8-10 minutes.
3. The presentations shall commence after the submission of assignments. The schedule
for the presentations shall be informed in due course.