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Contract Law
Assignment vs. Delegation: What’s the Difference?
Assignment vs. Delegation: What’s the Difference? Contracts are usually made between specific parties. But contractual relationships d
Contract Law
Third-Party Beneficiary Rights in Contract Law
Third-Party Beneficiary Rights in Contract Law A contract does not always benefit only the people who sign it. Sometimes two parties enter i
Contract Law
Privity of Contract: Who Can Enforce a Contract?
Privity of Contract: Who Can Enforce a Contract? A contract can affect many people, but that does not mean every person affected by a contra
Contract Law
Specific Performance as a Contract Remedy
Specific Performance as a Contract Remedy When one party breaches a contract, the most familiar remedy is money damages. A court calculates
Contract Law
Liquidated Damages vs. Penalties in Contract Law
Liquidated Damages vs. Penalties in Contract Law When parties enter into a contract, they sometimes know that a breach could cause financial
Contract Law
Mitigation of Damages in Contract Law
Mitigation of Damages in Contract Law When a contract is breached, the injured party may be entitled to damages. But the law does not genera
Contract Law
Substantial Performance in Contract Law
Substantial Performance in Contract Law A contract does not always have to be performed perfectly for the performing party to be entitled to
Contract Law
Anticipatory Breach and Repudiation of Contract
Anticipatory Breach and Repudiation of Contract A contract may be breached before the date on which performance is actually due. At first th
Contract Law
Material Breach vs. Minor Breach of Contract
Material Breach vs. Minor Breach of Contract Contracts create obligations, but contractual performance is not always perfect. A party may pe
Contract Law
Implied Terms in Contract Law
Implied Terms in Contract Law A contract does not always say everything that the parties are legally expected to do. Some obligations are st
Contract Law
The Parol Evidence Rule in Contract Law
The Parol Evidence Rule in Contract Law When parties reduce their agreement to a written contract, a natural question arises: What happens i
Contract Law
Contract Interpretation: How Courts Interpret Contractual Language
Contract Interpretation: How Courts Interpret Contractual Language A contract may appear perfectly clear when it is signed. Yet when a dispu