What Is Breach of Contract?
Ever made a deal with someone who didn’t hold up their end of the bargain? Or, maybe you’ve failed to perform your end of a contract, and you’ve been sued for a
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Ever made a deal with someone who didn’t hold up their end of the bargain? Or, maybe you’ve failed to perform your end of a contract, and you’ve been sued for a
U.S. law defines a contract as a legally binding agreement that places mutual obligations on the involved parties. Failure to stick to the terms of a contract can result in serious consequences.
Cell phones are everywhere these days, and each person that uses a cell phone has some version of a cell phone contract. These mini-computers are complex — but understanding how your contract
If you’ve ever taken out a loan, you have probably signed a promissory note. A promissory note defined is a legal document that is a promise of payment. Promissory notes are often
Learn how duress is applied in contract and criminal law, what elements are necessary to prove it, and how coercion differs.
Sometimes in the business world, it’s necessary for office staff to sign a letter on someone else’s behalf, such as the manager or company president. This usually happens when the manager or
One of the most essential components of an agreement that you can enforce in court is consideration. A promise to paint your neighbor’s fence might be a friendly gesture comparable to a
Buying or selling a motor vehicle is a major financial transaction for most people. If you are planning on buying or selling a car, then you have likely done a lot of
Applying for a rental apartment, especially in hot markets like New York City and San Francisco, can be a stressful experience. Making a rental application is a major step in any apartment
Stipulations are common during court proceedings. In most instances, a stipulation is agreed to by both parties to a lawsuit. Essentially, a stipulation is an oral or written agreement between the two
The rise of labor unions toward the end of the 19th century caused concern among employers. Business owners believed that strong labor unions would negatively affect the way they operated their companies.
The amount of paperwork associated with borrowing money from a bank can be truly daunting. Whether you are taking out a loan to get money to buy a car or borrowing to
The phrase ab initio comes from Latin and literally means “from the start” or “from the beginning.” Such a definition may sound fairly innocuous, but the truth is that this little phrase
<p>People have traditionally used a handshake to signify the reaching of an agreement. Verbal agreements, with or without the symbolic handshake, are legally enforceable in most instances. State laws require that certain
The Tolling Agreement might be mistaken for a highway toll bridge where money is collected. But it also has another definition with regards to rights and contract law. Here is the legal
There are well-established guidelines for how the signature and date sections should look on a legal document. A party (or parties) should find credible, reliable witnesses to authenticate the signatures and date.
You might have heard of bilateral trade agreements between different countries, but is that the same as a bilateral agreement? The prefix “Bi” means two. But what is the exact definition of
Individuals and entities may enter into contracts for a variety of reasons. Usually, a contract defines the obligations of the parties, with one party promising goods or services while the other promises
The title to a car is perhaps the most important document associated with it because it denotes the right of ownership to it. When people sell their cars, simply receiving money for
A lease-to-own contract is a binding agreement between two parties in which one party agrees to rent or lease property, car or big-ticket item, with the eventual purchase of the item. Rent