Indemnity agreements can be critical for protecting businesses and individuals from potential legal and financial risks. These agreements are often used to transfer the risk of loss from one party to a contract to the other in case of certain events or situations, such as accidents, negligence, intentional acts, and breach of contract.
Small businesses that use independent contractors need to prepare for Seattle's new Independent Contractor Protections Ordinance.
When is a party legally excused from performing its promises because the other party breached the contract first?
In their contracts, businesses can preselect certain states, counties, or courts to host a future lawsuit between the parties. Doing so has its pros, and occasional cons.
To minimize risk and set expectations, businesses can plan for the conclusion of services by using termination and cancellation clauses in contracts.
If you're considering adding an arbitration requirement to a contract, you can choose which types of disputes to leave in court and which types of disputes to ship off to private arbitration.
With a condition precedent, if a condition in a contract is not met, then the promise related to the condition does not have to be fulfilled.
When a third party intentionally interferes with someone else's business relationship, the law may provide a remedy. But the damaged party has to prove special elements.
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An affirmative statement or action that unequivocally shows that a party does not intend to comply with a contract is called anticipatory repudiation, and when it occurs, the non-breaching party can stop performance of the contract without penalty.
If My Contract Requires Private Arbitration, Why Am I in Public Court? By Stacia ...More
