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 ...

Indemnification is used for risk allocation Indemnification may include defense obligation Indemnified party is entitled to reimbursement for covered losses Indemnification can be complex and heavily ...

Julie Honor has a robust commercial contracting practice, where she advises clients on all types of agreements and business processes. She also counsels companies on the development and use of AI, ...

Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

No oral modification (“NOM”) clauses are boilerplate provisions, which require that in order to be effective, an amendment to a written contract must be made in ...

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 ...

Discover how to read and understand your insurance contract with ease. Learn key terms, principles, and tips to ensure you're ...