Contract Terms 3: Avoid Hanging Chads

If I’m not misremembering, the George Bush v. Al Gore presidential election became all about the handing chad. When the people of Florida voted, they did so using punch cards. The voting machine would literally punch a hole in the card indicating their selection. Sometimes, however, it didn’t work. The punch would not go all … Continue reading “Contract Terms 3: Avoid Hanging Chads”

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Contract Terms 1: The Parties

The Right Entity One of the basic elements of a contract is to know who you’re dealing with. (No, Who’s on first). If you are representing an LLC or Corporation, make sure the LLC or Corporation is identified as the party to the contract. If you identify yourself as a party, you can become individually … Continue reading “Contract Terms 1: The Parties”

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Your Contract Has Problems. They all do.

A contract is not going to prevent all disputes. It will definitely prevent some, but certainly not all. I would guess that about 90% of the lawsuits my firm handles involve a contract. And, frankly speaking, many of the cases are good cases with fair arguments on both sides of the issues. So does this … Continue reading “Your Contract Has Problems. They all do.”

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The Anatomy of a Contract

A contract typically consists of the fairly standard parts. Each part may be different depending on what the contract is for, but most of the time these standard terms are there. The Title – This is what you call the agreement (obviously). The Parties – Identifies the individuals or entities subject to the contract. The … Continue reading “The Anatomy of a Contract”

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