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A Bad Business Contract Can Come Back to Haunt You!

A Bad Business Contract Can Come Back to Haunt You!

Contracts are a necessity with business dealings, but a poorly written one can get your business in hot water quickly. If the contract is missing vital information, or if it is unclear or filled with ambiguous language, you may not even fully understand what you are agreeing to. Some lawyers will insist on including tons of hidden language, loopholes, and other clauses that are not in your best interests.

Contract Basics for Small Business

Contract Basics for Small Business

Understanding contracts is crucial knowledge for the small business owner. Whether you are new to business, or a seasoned entrepreneur, you can benefit from reviewing the basic structure of a legal contract. In this article we will review some elementary steps to creating an effective contract.

Utah's Interest Rate Protections

Utah's Interest Rate Protections

Practically every adult has dealt with interest rates at some point. Whether the interest was tied to a vehicle purchase, credit card, or bank loan they generally work the same.

Do Verbal Promises Carry Legal Weight?

Do Verbal Promises Carry Legal Weight?

Back in the day it was not uncommon for important business dealings to be sealed with a handshake. This usually followed a verbal agreement between two parties that was intended as an oral contract. Although the parties to these verbal agreements may have intended well, what happened when one side failed to meet its obligation?

What Are the Elements of a Legally Binding Contract?

What Are the Elements of a Legally Binding Contract?

At some point all business owners have to deal with the process of creating a contract. However, just because you write out a contract doesn't necessarily mean it is legal. There are certain elements that need to be properly expressed in a contract to give it validity.

What is Tortious Interference With a Contract?

What is Tortious Interference With a Contract?

What happens when a third party interferes with a contract maintained by other parties? In some cases, the third party may be liable for a business tort called tortious interference with contract. This cause of action exists to protect the sanctity of contractual relations.

Contract Woes: When the Agreement Isn’t What You Thought

Contract Woes: When the Agreement Isn’t What You Thought

Contract negotiations are a common occurrence in the business world. In fact, no contract is created without some sort of back and forth between the parties. A proper negation process usually begins with negotiating about the business terms followed by the legal aspects.

How to Defend Against a Contract Lawsuit

How to Defend Against a Contract Lawsuit

As in any relationship, the parties to a contract can become at odds. Even though a contract is intended to make the transaction beneficial for both parties, it's not uncommon for problems to arise during the performance.

When Does a Breach of Contract Happen?

When Does a Breach of Contract Happen?

Contracts are all around us. They are the legal documents that govern all sorts of interactions. These documents can be used for cell phone service, a home mortgage and even high-stakes business deals. There's no doubt about it, you've likely been the party to a contract at some point of your life. But what happens when a contract goes sideways?

How to Know Whether Your Contract is Enforceable Under the Law

How to Know Whether Your Contract is Enforceable Under the Law

Everyone involved in a business agreement expects that it will be enforceable. However, things happen during the course of business that can complicate adhering to the terms. When things go south, you may wonder what your options are. As a non-breaching party, you want to ensure that your rights are protected.