No termination or dissolution clauses
Sometimes, especially if you act for a seller that wants to get rid of certain business or assets (and not receive it back upon a
Sometimes, especially if you act for a seller that wants to get rid of certain business or assets (and not receive it back upon a
In the previous blog post, I addressed when a letter agreement or side letter would be used between professional parties (click here). The question now
An agreement does not necessarily need to be embodied in the traditional structure of a contract (i.e. with a parties block, recitals, words of agreement,
In many, if not all, contracts, a miscellaneous provision related to amendments, modifications, adjustments and other changes is included. In this blog post, I will
Continuing the first line of a contract (as in the previous blog post on made or entered into), you would typically find the word between,
The first line of a contract sometimes states that the agreement was made and entered into (between the parties). What concept does this refelect? What
Another vague term is the word material. It is typically used to distinguish from immaterial things: even though there is often a grey area as
In a previous blog post, I indicated the ‘importance’ of vaguenesses in contracts. The most obvious example of vagueness is the word reasonable. This vague
Very often, it is impossible to stipulate exactly how or when a certain obligation must be performed. In those cases, you will use a vague
All arbitration institutes provide for a model arbitration clause, which you are recommended to include in your agreement if you choose that institute. If you
