You are an attorney and your old friend John contacts you. John has recently started his own business to sell a new product he has developed. The product is a new design for small, light-weight personal headphones, as would be used with an smartphone, digital tablet, MP3 player or a radio. His questions to you concern several issues of what he should look for in creating contracts for his business.
Question:
John plans to sell $10,000 worth of his headphones to one (1) buyer (the XYZ Store chain) for resale purposes. Must that contract be in writing? Please explain why or why not, in detail and mention and explain any contract doctrines which may apply.