Contracts are all about solidifying expectations, planning for uncertainties and allocating risk – and that’s where a force majeure clause comes in. A force majeure clause refers to some sort of overwhelming, unpredictable and unforeseeable situation that prevents one...
Contract Law
What should contractors know about construction contracts?
Construction contracts are foundational documents that define the scope, responsibilities and expectations of a construction project. For contractors, a thorough understanding of construction contracts is crucial to ensuring project success, mitigating risks and...
Lawfully terminating business contracts
There are lawful ways to terminate contracts. However, terminating business contracts requires careful consideration and thoughtful, informed approaches. Contracts are binding agreements, and exiting them prematurely or without due cause can lead to legal disputes and...
What should be included in an employment contract?
As an employer, you know the importance of setting proper expectations before the start of any endeavor. This also applies to the hiring of new employees. An employee contract provides mutual understanding and protection to both the employer and the employee. And...
Understanding SaaS agreements: Tips for contract review
Increasingly, small and medium companies recognize the value of Software as a Service (SaaS) when it comes to meeting most of their technological needs. SaaS business software subscriptions can make it easy for a company to scale up and thrive, without investing in...
Can you require workers to give two weeks’ notice?
As an employer, you would like your employees to give you notice if they’re going to quit their jobs. Ideally, you would like to have at least two weeks to prepare for this turn of events. You may have to shift other employees around or hire someone new to replace the...
Material vs immaterial contract breaches: What to know
Contracts are like promises – they're meant to be kept. But what happens when one party doesn't hold up their end of the deal? That's when a contract breach occurs. However, not all breaches are the same. Some have a bigger impact than others. Here is what you need...
What constitutes a fraudulent product substitution?
Business contracts should make operations and expenses for an organization more predictable. Once companies have entered into an arrangement with a service provider or vendor, they should be able to rely on the delivery of goods or the completion of necessary services...
What should you do when an employee breaches the contract?
When you hire an employee, you expect to have a smooth experience. However, this may not be the case. Your employee may breach one of the terms of the employment contract they signed. For example, they may fail to perform their required duties, meet the agreed hours...
Can you refuse to accept an employee‘s resignation?
As the owner of a company, you’re responsible for hiring employees who work under you. There may be many corporate layers, depending on the size of the business. A small business may just have an owner with support staff working under them, for instance, while a large...