Non-compete agreements are a type of restrictive covenant. Employers add non-compete agreements to contracts when hiring new workers. They require that the worker agree to avoid direct competition with the company immediately after leaving their job. Non-compete...
BUSINESS & COMMERCIAL LAW – Contract Disputes
3 limitations on recovery of damages in contract law
Contracts are legally binding agreements that lead to enforceable obligations between parties. When one party breaches a contract, it can cause financial injury, operational disruption or other damages to the non-breaching party. However, recovery of damages is not...
3 requirements for a specific performance remedy
When running a business, contracts become an integral part of your daily work. However, parties to a contract may sometimes fail to hold up their end of the contract, leading to disputes and leading to disputes and potential financial losses or operational disruptions...
Are your employment contracts ambiguous?
The agreements your employees sign should be clear. No clause or statement should be open to more than one interpretation. Ambiguity causes a significant percentage of contract disputes that can negatively impact a business. Here is what to know: Examples of ambiguity...
Did your supplier let you down?
If you run a company that sells goods, then you probably rely on suppliers. These are other businesses that supply you with the materials you need to make or sell your products. An experienced supplier will typically deliver goods when you ask for them. They’ll honor...
With noncompete’s practically dead, what can you use?
The Federal Trade Commission estimates that one out of every five workers in the United States are bound by noncompete clauses in their employment contracts – but (barring successful legal challenges) that’s about to change. Noncompetes are, for all practical...
4 ways of resolving a contract breach
Most business transactions rely on the finer details in a contract. A contract should outline several details of an exchange between multiple parties, such as the intent of the contract, what each party is expected to give and gain and how long the business...
Ways of remedying anticipatory breach of contract
In business, contracts help establish clear agreements and expectations between parties. These documents can facilitate smoother transactions and minimize the risk of potential disputes. However, not all contracts are executed smoothly and sometimes one party may...
What are the common causes of breach of contract?
When parties agree to the terms of a contract, they demonstrate the intention to fulfill certain obligations or promises, subject to various conditions. In business, this often includes exchanging goods, services, money or other considerations as outlined in the text...
How do contract disputes happen?
Not many things are as stressful as getting caught up in a dispute. It doesn’t get any better when the dispute in question is business-related. Unfortunately, from partners at loggerheads to suppliers who can’t honor their commitments, contract conflicts are not...