Costs Associated With Termination for Default Clause

Under what authority can the contracting officer terminate a contract for default or cause? When assessing costs associated with the Termination for Default Clause, you must first understand the government’s rights. Under government contracts law, if your contract contains the Default clause at 52.249-8, the Government has the right, subject to… Read more »

Contract Disputes –Government and Business

A contract dispute may come in varying shapes and sizes.  Whether you are a Government contractor or a Small Business, contracts dispute can take a toll on your work and ultimately cost you money.  While the best option is to have an attorney draft or review any contract before signing,… Read more »

Covenant Not to Compete Definition & Colorado Non Compete Agreement Law

Non compete agreement clause definition, restrictive covenants, or a covenant not to compete in Colorado is a contract by the restricted party (e.g. an employee) not to engage in business activity that is in competition with the other, protected party (e.g. an employer).  The Colorado Non compete Statute can be mere restrictive covenants provision… Read more »

Material Breach of Contract Definition

Meeting the Material Breach Definition is Essential to Winning Your Case The material breach of contract definition is one that goes directly to the crust of the agreement. When there is a dispute, and you are bringing a claim, then is the time to claim that the alleged breach was… Read more »

Basic Difference Between Unilateral Contract and Bilateral Contract

A Unilateral contract is vastly different from a bilateral contract. The elements of a contract are previously discussed in our Contracts article.  There are two main types of contracts: bilateral and unilateral. A Promise for Performance. By comparing the difference between Bilateral and Unilateral Agreements, a bilateral contract constitutes a… Read more »

Commercial Litigation – Ten Commandments for CEO’s

When it comes to commercial litigation, as a CEO and business owner, you often think that being able to call an attorney gives you a piece of mind to sleep at night. Although there is some comfort and truth to this, the question really becomes what can you do now so… Read more »

Contract Attorneys – How Can They Help?

Contract attorneys should  help you to anticipate problems and be able to draft proper terms or advise you on whether or not to execute the contract or even what constitutes a breach of contract. For example, when you are starting a new business, many entrepreneurs decide to draft contracts from the… Read more »