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 ...

A checklist of strategies and tips for effectively drafting commercial contracts, including guidance on how to effectively plan the contract drafting process, select the proper form of contract, and ...

Contract law, a cornerstone of common law systems, governs the creation and enforcement of legally binding promises between parties. Its framework is built on fundamental principles such as freedom of ...

Contracts cannot last forever. To ensure that the rights and obligations created by contracts are drawn to a proper conclusion, parties often give contracts a definite expiration date or make them ...

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.

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 ...