A lesson in contracts

Happy New Year to all!

What did you get for Christmas?  Like most of us, did your kids do well out of the deal?

Here’s a great (and entertaining) article about a family who decided to give their 13-year-old the iPhone he’d been asking for– along with a contract:

Massachusetts Mom Has Son Sign 18-point Agreement for iPhone – ABC News.

What a great idea for teaching some life lessons- and an excellent quote from an expert:

“You wouldn’t’ give your kid a car without making sure they had insurance,” said Shipp, who is the host of Lifetime’s “Teen Trouble.” “And so giving them a cell phone or a computer without teaching them how to use it responsibly is irresponsible on the part of the parent.”

Which are your favourite points on the contract?  Would you add anything to it?  Comments welcome below!