Contract Law
A contract – an exchange of promises between two or more parties to do or refrain from doing an act which is enforceable in a court of law – can touch upon almost any subject matter. In business, there are contracts that are common to most companies and sometimes use relatively standard contract language, and then there are contracts that are unique to a particular industry or situation. No two contracts are exactly alike.
Contract Negotiations
In our practice of contract law, the first step is to carefully and fully document the parties’ objectives, the “basis of the bargain,” and also provide for those issues to which little, if any, thought has been given by the parties. These issues include defining what constitutes an event of default, cure periods (if any), termination rights, resort to alternative dispute resolution (mediation and arbitration) or to courts, venue for resolving any dispute, availability of recovering a party’s attorneys’ fees and a plethora of other issues, both of general nature and content-specific terms. We provide employment, distributorship, franchise, sales, non-compete and non-solicitation agreements to protect our clients. Having drafted contracts covering numerous situations in a wide variety of industries allows us to help you achieve and secure your objectives for any contract negotiation.
A sampling of the contract law services provided to small- and medium-sized businesses and individuals include:
- Asset Purchase Agreements
- Buy-Sell Agreements
- Confidentiality Agreements
- Covenants Not-to-Compete (Non-Competition Agreements)
- Distributorship
- Employment
- Franchise Agreements
- Licensing Agreements
- Memorandum of Understanding (MOU)
- Non-Solicitation Agreements
- Physician Employment Agreements
- Sales
- Stock Purchase Agreements
Contract Law Articles
The Devil’s (Still) in the Details: Deadlines and Liquidated Damages Clauses
A recent case out of Illinois illustrates the danger of failing to keep track of deadlines, and expounds on the purpose of liquidated damages. The facts of the case are rather straightforward, but the results surely must have stung for one of the parties. A contract...
Homeowner’s Association’s Attempt to Terminate Contract Falls Short; Compliance with Specific Notice Provisions Required
Everyone has wanted to get out of a contract at some point. Some contracts contain provisions to terminate the contract as long as certain conditions are met. It is important to comply with these provisions when terminating a contract or a court may find that the...
Liability of Successor-in-Interest for Assessments
The Missouri Court of Appeals recently addressed a condominium declaration's provision that purportedly obligated a successor-in-interest to a unit to remain liable for the prior owner’s unpaid condominium assessments. In that case, the condominium association...
Parking on Subdivision Streets; Even if Streets are Dedicated to Municipality?
Occasionally the question arises regarding the enforceability of prohibiting truck or commercial vehicle parking within subdivisions. It should be noted that parking either a truck or a commercial vehicle in a closed garage is almost always excluded from the scope of...
