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 ...

In a recent Delaware Court of Chancery decision, the court explained several useful principles of contract interpretation and also provided insight into the methods the court uses to resolve ambiguous ...

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 ...

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 ...