Identification of PartiesThere are two parties involved in this legal case. The two parties are:1. Solar Power Plant Company (SEPP)2. Utility Supply (USA)SEPP plans solar power plant for regional city. The United States supplies the panels for the power plant. Facts and Assumptions Facts SEPP wants to design and build a solar power plant with 5-star standards, the standard of which is determined by the EEC. The panels used to build the power plant are supplied by the United States. The US must provide an EEC certificate for the panels at each stage to verify the standard of the panels before SEPP makes payments. The EEC panel certificate is an 'invitation to pleasure'. There is a promise between SEPP and the United States that SEPP informs the United States that the certificate is not necessary and that SEPP has made two advance payments without the provision of the panel certificates by the EEC. Assumptions Assume that the contract between SEPP and the United States has been properly written and provide sufficient detail of the information contained in the contract between them. Suppose the contract clearly states that SEPP made payments in stages, and at each stage the US must provide a certificate from the EEC before SEPP makes payments. Legal Principles Under contact law, standard contract theory states that the promise will not be binding unless there is a price or payment is made. Payment or price can be a promise. However, there are some situations where a non-contractual promise may not give rise to a right of action for damages if it is proven to be false, but may give rise to binding obligations. Promissory estoppel is a relatively new development in contract law but it is an important doctrine where a tortious promise without consideration is given... halfway through the document... we should respect the statements of the contract and ensure that all parties that follow and obey their obligations to conduct business successfully. All actions, such as agreements or payments, are fair and must follow the declarations required in the contract. Last but not least, regularly evaluate and report contract performance, clearly document and follow policies or procedures if necessary to avoid any conflict or breach of contract law unconsciously. Bibliography Reichman, C. 2014, MME40001 Engineering Management 2, Legal Imperative, week 9, Contracts, lecture PowerPoint slides, accessed 21 May 2014. https://ilearn.swin.edu.au/ Australian Contact and Consumer Law 2008, Australian Contact Law, accessed 25 May 2014. http://www .australiancontractlaw.com/ Agreement 2013, Australian Contact Law, accessed 25 May 2014.http://www.australiancontractlaw.com/