Although legal terminology can make reading and understanding a contact challenging, the principals involved are straightforward. A contract written on a cocktail napkin is just as valid as one ...

A National Bureau of Economic Research paper highlights new research on how to overcome contractual incompleteness. Traditional contracting approaches have inherent flaws and a “new approach” that ...

Specificity in drafting allows contracting parties to allocate risk with precision and enable efficient dispute resolution. Unclear contractual language can foster disputes and litigation. In addition ...

The Uniform Commercial Code sets the standards of good faith in a commercial transaction for the sale of goods. With every sales contract, there is an implied obligation for both the seller and the ...

In the second article of his three part review, DAS LawAssist consultant David Chalkoutlines the relationship between the general law of contract and the rules applicable in civil procedure. Here he ...

Sometimes the Supreme Court’s most important contribution resembles the job of a baseball catcher who stops wild pitches from heading to the stands. An example came Monday when the High Court ...