Contract Law

Well-written contracts are essential for your business to succeed. They can protect you when things go wrong. Yet, any party you sign a contract with will want the agreement to protect their interests. Thus you have two sides, both hoping the arrangement will work in...

Non-compete agreements vary in their specific wording and intent, but the general idea is that an employee who takes a job is told that they cannot leave to join the competition or create their own competing company. This may only be for a set time, such as two years...

A breach of contract often sounds malicious: One party signed a contract and then intentionally failed to adhere to its terms. In many cases, though, the true issue is miscommunication or a misunderstanding. This doesn’t mean it’s not a breach -- it is -- but it may...

Business owners generally have the best of intentions when they enter into a commercial lease. Various factors may change, diminishing a business owner's need for their leased space. Maybe their entrepreneurial endeavor hasn't been as successful as they would have...

When two parties enter into a contract, each party is expected to uphold their end of the deal. When they don’t, they may be accused of breach of contract. This is a serious accusation that can lead to legal action if it isn’t remedied appropriately.  There are four...

Any two people or entities entering in to a contract do so with the expectation of some offer and consideration. The onus falls on the party offering a product or service to draft their terms, conditions, and expectations carefully. Their customer must read the...

If you are a small business owner, you may have a standard employment contract that all new hires must sign.  But the problem is that your contract may have so many loopholes that it is virtually unenforceable or so restrictive that a court is sure to strike it down...

When you create a contract with a supplier, your main focus lies on what specific parts and materials you need and what you are going to pay for them. You need to ensure that you can budget properly and pay only what you agreed upon delivery. You also need to make...

Any person or company looking to do business with one another frequently enters into a written contract with another party as a type of guarantee that they'll receive a product or service in exchange for some type of compensation. There are instances when the parties...

The handshake deal is, to some degree, a relic of the past. People's reputations used to be based on honesty and their ability to uphold their word. A promise was seen as a binding agreement, and both parties knew it.Is that still true today? It may be for some...