Contracts Tag

If you are an employer, you and an employee may have a dispute and decide to part ways. In exchange for some type of settlement, which could include cash or a non-disclosure or a positive recommendation, the employee will be asked to sign a Release,...

Did you know that a failure to exercise your contractual rights could result in you losing them? Your big danger is a little known legal doctrine called Estoppel. A party to a contract can invoke the doctrine of estoppel to justify why it failed to perform — and...

Do all contracts need to be in writing? No. Often parties can have an oral agreement or show their assent to an agreement by taking certain actions; however, that is not a safe strategy in the business world. An automotive parts distributor in New York...

While recent news stories have debated whether an unsigned contract is still valid corporate executives know that unsigned contracts are unlikely to pass muster with auditors, investors, and regulators. That’s because these outside experts are worried about a common state law knew only to attorneys,...

I first started tinkering with computers in the age of the Commodore PET, TRS-80, and Apple. The task of developing software meant rolling up one’s sleeves and typing away for months or years. Thanks to the rise of the Internet, object-oriented programming, and the Open Source...

Most people think that the key element of a Non-Disclosure Agreement (NDA) is the right to prevent others from using and disclosing their confidential information. However, they often pay insufficient attention to another key clause: the right to have your confidential information returned to you...

Tip #1: Make sure your accounting department knows what’s in your contracts.   Many businesses sell their product to clients based on volume — ranging from volumes of bandwidth to volumes of spaghetti sauce to volumes of heating oil. Both suppliers and customers benefit from making certain volume commitments in...

Tip #1: Tracking Auto-Renewal provisions can save you millions.Modern businesses specialize in the core products or services they want to sell. To do so, each must depend on the specialization of partners, suppliers, vendors, and contractors to supply the necessary products and services for its business...