Publications for Business Contracts

On Thursday the U.S. Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”), and the president is expected to sign it into law. The Act loosens several of the Paycheck Protection Program’s requirements. PPP borrowers now have significantly longer to spend loan proceeds, rehire employees, and restore their wages to avoid reductions to loan forgiveness.

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.

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.

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.”

The most costly mistakes union employers make are all avoidable.