Although legal terminology can make reading and understanding a contact challenging, the principals involved are straightforward. A contract written on a cocktail napkin is just as valid as one ...

A National Bureau of Economic Research paper highlights new research on how to overcome contractual incompleteness. Traditional contracting approaches have inherent flaws and a “new approach” that ...

In an opinion released yesterday, the Supreme Court reaffirmed that collective bargaining agreements (CBAs) must be interpreted according to “ordinary principles of contract law.” CNH Industrial N.V.

The Uniform Commercial Code sets the standards of good faith in a commercial transaction for the sale of goods. With every sales contract, there is an implied obligation for both the seller and the ...

Specificity in drafting allows contracting parties to allocate risk with precision and enable efficient dispute resolution. Unclear contractual language can foster disputes and litigation. In addition ...

Sometimes the Supreme Court’s most important contribution resembles the job of a baseball catcher who stops wild pitches from heading to the stands. An example came Monday when the High Court ...