Contracts Basics

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What Are Abusive or Illegal Contracts?
Contracts are made all the time, and they're usually perfectly legal and everyone's happy. Sometimes, contracts aren't legal, and usually that means someone not only doesn't get what he wanted, but also gets a lot of legal problems he didn't want. Lady Gaga When Stefani Germanotta, who's better known ... READ MORE

What's Bartering?
  Bartering involves trading goods or services with someone else People have been bartering for thousands of years, and it's very popular today Knowing the rules of the trade and the tax issues involved are the keys to successful bartering   People have been bartering for years. In fact, you've probably ... READ MORE

Consumer Contracts: Mandatory Arbitration Clauses
Related Item Businesses scored a big legal win when the Supreme Court ruled arbitration agreements could limit class action lawsuits. The ruling affects businesses, consumers, and quite possibly, employees. A couple sued AT&T Mobility for fraud because their "free" cell phone offer required payment ... READ MORE

From Here to When? Contracts for the Future
“That wasn’t me, the production company just edited me that way.” If you’re a fan of reality TV shows such as “The Biggest Loser,” “Top Chef,” “The Amazing Race,” and so on, you’ve probably heard this phrase from at least one contestant. Just watching the show you might not know, ... READ MORE

Read, Then Sign: Contracts Can Come Back To Haunt
Has anyone ever slipped you a piece of paper, pointed to an X or dotted line, and then you scribble your signature without even thinking about it? Without even reading what you've signed? Don't worry, you're not alone. A lot of us have done it, but it's not a good thing to do. They're Everywhere Contracts ... READ MORE

Contesting a Contract
Contracts are promises. Promises are supposed to be kept. Sometimes though you don't have to keep your promise, or perform a contract. The law gives several reasons why you're allowed to break a contract. These are called defenses. Sometimes they arise when the contract's created. Sometimes they result ... READ MORE

Assigning a Contract
When you make a contract, one thing to consider is whether you'd like the right to assign it to someone else. You should also consider whether you'd be happy if the other party were to assign the contract to someone else. Let's consider the pluses and minuses. Assignment Can Relieve a Party's Obligations ... READ MORE

Bailment
Bailment is the process of placing personal property or goods in the temporary custody or control of another. The custodian or holder of the property, who's responsible for the safe keeping and return of the property, is know as the bailee. The person who delivers or transfers the property to the bailee ... READ MORE

Contract Modification
When negotiating a contract, or after a contract has been signed, you may have reason to want to modify, or change, the contract. In general, contract modifications require the agreement of all parties to the contract. This article will discuss how to modify a contract before it's been signed and after ... READ MORE

Contract Interpretation
There are rules for interpreting written contracts when there is a dispute among the parties listed in the contract. The courts look to the intent of the parties at the time they entered into the contract. Intention The mutual intention of the parties at the time of the contract governs how the court ... READ MORE

 

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You don't. YOu simply would review the contract terms for termination requirements and tell them you have changed your mind. You will STILL owe what you owe for legal fees as "changing your mind" is g ...Read more

If you have no contract with him - he cannot sue you let alone put a lien on your house. Threatening to do so is a vioalton of Fla. Stat. 559. and he could be sued for damages. 

That depends.  Was the information material?  A failure to disclose unimportant information is not fraud, and will not invalidate the contract.  If the person selling you a car failed t ...Read more

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Signed, Sealed and Delivered – Documents in the Information Age

The world has been immersed in the Information Age (a/k/a the Digital Age) for decades now. By way of example, the Texas Uniform Electronic Transactions Act governing electronic contracts passed legis ... Read more

Vagueness Creates Conflicting Expectations for IT Service Provision

Small businesspeople who provide custom IT or other services regularly encounter situations in which their expectations do not match those of the customer. This is surprisingly common in industries su ... Read more

Area you Covered by a “Sufficiently Specific” Indemnity Clause?

By Pannone Lopes Devereaux & West LLC of Pannone Lopes Devereaux & West LLC on Tuesday, December 13, 2016. In a recent Rhode Island Superior Court case, the court once again addressed the ques ... Read more

The key importance of legal counsel’s input on contracts

Conflict down the road. We reference those terms and that obviously undesired outcome on a page of our website discussing contracts in the business world. In fact, we talk a lot about contracts on our ... Read more

Using Standard Form Contracts May Hurt Your Business

When putting together a contract for the first time, many business owners may turn to standard form contracts to make agreements between customers, vendors, and other businesses. Calling these contrac ... Read more

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