A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

Identify the purpose of the transaction, which dictates its structure. Determine whether the transaction: involves the provision of goods (for more information, see Sale of Goods Agreement (Pro-Buyer) ...

Although legal terminology can make reading and understanding a contact challenging, the principals involved are straightforward. A contract written on a cocktail napkin is just as valid as one ...

A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

This is a response to Is Being Dumped Like a Breach of Contract by Professor Mark D. White. In his article, Professor White examines a romantic break-up and applies contract law theory. He begins with ...

More businesses are using automated “smart contracts” to handle transactions. Based on blockchain technology, these contracts execute automatically and are lauded as a way to efficiently digitize ...

Attorneys representing local governments often juggle numerous requests to draft or review contracts on tight deadlines. Regardless of the subject matter, the attorney must provide a rapid, thorough, ...

Josh Stark is a lawyer and head of operations and legal at Ledger Labs, a blockchain consulting firm and development group. In this opinion piece, Stark focuses on "smart contracts" as an alternative ...