What is a Contract? Legal Binding Contract Terms and Definition

What is a contract? It is an agreement between two or more persons or entities which creates a legal obligation to do, or not do, a particular thing. In addition to having legally binding contract terms, a legally enforceable contract must have (i) a subject / offer, (ii) consideration, and (iii) two or more… Read more »

Breach of Contract Termination Letter

Drafting a contract termination letter starts with the basis for the termination and making sure that the underlying reason for the letter does not breach the contract. This section deals primarily with when you receive a contract termination letter from the federal government. This can be for a termination for… Read more »

Understanding the Federal Aquisition Regulation FAR

The  Federal Acquisition Regulation ( FAR) is codified in Title 48 of the United States Code of Federal Regulations. It is issued pursuant to the Office of Federal Procurement Policy Act of 1974 (Pub. L. 93-400 and Title 41of the United States Code), Chapter 7. Statutory authority to issue and maintain the… Read more »

What is Commercial Law?

Commercial litigation law entails the various aspects of business law that deals with the relationships between corporations, merchants and manufacturers, interstate trade and so on. What is Commercial Law? By definition commercial law includes carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of… Read more »