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State Statutes of Limitations on Contract Claims
- March 8, 2011
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law
No CommentsIt is often said that promises are made to be broken, and contracts are nothing more than promises that can be enforced in a court of law. But they’re not enforceable forever.
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What is a Buy-Sell Agreement?
- February 6, 2011
- Posted by: Seth Heyman
- Categories: Business Law, Contract Law, Featured
A Buy-Sell Agreement, also known as a buyout agreement, is a contract entered into between co-owners of a business that governs what happens when an owner/shareholder dies, becomes incapacitated, wants to sell his or her interest, or otherwise wants to discontinue his or her involvement in the enterprise
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Deciphering Boilerplate
- December 22, 2010
- Posted by: Seth Heyman
- Categories: Contract Law, Featured
The term “boilerplate” originated in the early 1900s, referring to the thick, tough steel sheets used to build steam boilers. Articles and advertisements were typically cast in steel and distributed to local newspapers throughout the country, ready for the printing press, and they became known as “boilerplates”. The term has since been adopted by lawyers to describe provisions of a contract that protect a business in the event of a lawsuit, and are usually inserted as standard practice.