Publications for Business Contracts
Even as the rest of the world seems to require everything in writing, it remains an article of faith in farming communities throughout Michigan that business can still be conducted with a handshake.
No one enters into a contract expecting it to go sour, but sometimes they do. While it is not possible at the time of contracting to anticipate and avoid every potential risk, strategies exist to help minimize exposure and avoid costs down the road.
A “firm offer" is an offer to buy or sell goods at a certain price that is guaranteed not to change for a certain period of time.
The Internal Revenue Service ("IRS") issued Revenue Procedure 2017-13 ("Rev. Proc. 2017-13"), which provides updated safe harbors from private business use for management contracts. Rev. Proc. 2017-13 clarifies, modifies, amplifies, and supersedes certain provisions of Revenue Procedure 2016-44 ("Rev. Proc. 2016-44").
In our last installment of the UCC Corner, we questioned whether parties can form binding contracts if many of the terms of their written communications are inconsistent. We learned that the answer to that question is generally “yes.”
Will your standard terms and conditions win in a battle of forms? Do you have standard terms and conditions at all?
The Uniform Commercial Code (“UCC”) was drafted in 1958 and contains a series of articles that aim to govern commercial transactions. Nearly every state has adopted its own version of the UCC, including Michigan.
Article includes easy and straightforward practices that make negotiating contracts via e-mail more efficient.
This article discusses the unique situation when the purchaser actually benefits from the past seller’s breach - - and the potential legal consequences that might surprise you.
Noncompetition agreements typically prohibit an employee or seller of a business to own or work for a competitor of the protected party, and often are of substantial value. However, a Michigan court will only enforce these agreements if they comply with the following four requirements.
Earlier this year, both Texas and Iowa amended their Equine Activity Liability Acts to broaden their scope beyond “equine activity” to “farm animal activity.”
Entering into contracts is an important part of every agribusiness. No one enters into a contract expecting it to go sour but sometimes they do...
The most costly mistakes union employers make are all avoidable.
The American Institute of Architects recently published revised versions of some of its key contract documents, many of which had not been revised since 1997.
The Copyright Act generally provides that the person who creates the software initially owns its copyright.