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Legalese vs. Plain English
- September 18, 2012
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law
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When Does a Deal Become a Contract?
- May 24, 2012
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law
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Ipso Facto Clauses
- May 22, 2012
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law
Ipso Facto means “by the fact itself,” and an ipso facto clause is a contract provision which states that the contract may be terminated if either party declares bankruptcy. In other words, the very fact that one party declares bankruptcy is supposedly enough to end the contract and terminate the benefits and obligations of both parties.
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Email Exchanges Can Result in a Contract
- May 10, 2012
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law, Startups
As long as one party can demonstrate the presence of an offer, acceptance, intent, and consideration, a contract can be formed via e-mail exchange as easily as through more traditional or formal means.
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What is The Covenant of Good Faith and Fair Dealing?
- March 10, 2011
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law
The Implied Covenant of Good Faith and Fair Dealing is a legal duty imposed on all parties to a contract that requires them to act honestly and in good faith when fulfilling their respective obligations under agreement.
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