General Business Law

Time and again lawyers are admonished for draping everyday concepts in complicated or difficult language. Novation, a rather cryptic word for a practice with many common applications, is one of...

A written contract is an agreement between two or more parties to do, or refrain from doing, certain things. Contracts are used by businesses and individuals in our everyday lives. They can cover...

While a person may claim that they will follow through on a promise to pay back money, many times that person will not actually do so. In such a case, there may not be many options to pursue....

There are numerous lawsuits regarding breach of contract. Just watch an episode of "The People's Court" or "Judge Judy," and you will see a large portion of the cases involve contract disputes. ...

There are various ways to terminate a contract. A contract may terminate by the party to the contract or the occurrence of an event. In any case, whenever one is contemplating terminating a...

There are several ways to terminate a contract. This article provides an overview of the ways in which a contract may be terminated, describes termination issues and provides an overview of what...

There are basic requirements associated with a business contract. In the absence of these requirements, a business contract of any type will not be binding and will not be legally enforceable. It...

Contracts are one of the most important elements of business. Courts have a very limited ability to interfere with contracts between two willing parties, but for contracts to have much power, they...

When two or more parties come to agreement that they will do--or not do--something, and both parties will benefit, they have the basis of a contract. A breach of contract happens when one party...

Black's Law Dictionary defines duress as the "threat of harm made to compel a person to do something against his or her will or judgment, especially a wrongful threat made by one person to compel...

Contracts are an important part of business, so important, in fact, that the framers of the Constitution explicitly barred Congress from interfering with them. There are, however, laws and legal...

The desire to break a construction contract can arise for several reasons. The consumer can want to withhold payment if work is performed poorly or behind schedule. The contractor might want to be...

Breaking a service contract is a simple matter of not performing your obligations under the contract. But, breach of contract is a serious act that can create additional fees or penalties, if not...

Employment contracts often contain a “noncompetition” clause. The reason for executing a noncompetition clause is usually to prevent an employee from leaving a company and then...