Business Law Articles
Plain-English guides on business law.
Fraud in Contract Law
The death knell of any contract is Fraud. Fraud as a legal concept is not limited merely to contract law or civil litigation, and often carries criminal consequences. However within the context of contract law, fraud is generally described as deliberation deception, often used for material gain or to harm another. Fraud is an obviously serious charge, and as contracts often demand a mutual trust between parties, fraud can serve to immediately sever that contractual relationship. The main...
Contractual Terminology
Certain forms of contractual language can prove difficult to grasp at first glance by anyone uninitiated as to the terminology utilized in contract law. However most terms sound more complicated than they truly are, and often serve to legally express ideas that any business owner or party to a contract would be familiar with in theory if not in practice. Some of these terms include: “AS IS” “As is” in a contract typically implies that the buyer is agreeing to purchase something in its present...
Contractual Restrictions
Contractual Restrictions Posted by admin in Blogs Often a contract will contain clauses that express not an obligation to act in a certain way, but an obligation to either limit or restrain entirely certain actions instead. These contractual restrictions are commonly used to deter any harm that can come about from unintended consequences of the contract itself. Some examples of these forms of restrictions include: Non-Compete Clauses These clauses designate certain periods of time following...
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