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What Makes a Contract?

A contract is a legally binding agreement between two or more parties. If you own a business, you likely enter into contracts all the time — and it’s important to

What is a Breach of Contract?

A contract is a legal agreement between two or more parties. If a party fails to fulfill their obligations under the contract, they can be held responsible for breaching the

What’s the Difference Between a Right of First Refusal and a Right of First Offer?

Two contractual agreements that are commonly used in business matters and shareholder agreements include the right of first refusal and the right of first offer. While these rights are similar,

What Does an Nondisclosure Agreement Protect?

Non-disclosure agreements, also known as “NDAs” can protect a wide range of confidential information. However, if your company is seeking to safeguard sensitive information and data, it’s important to understand

The Law of Contracts: Understanding the Difference Between the UCC and Common Law

Contract law in the United States is governed primarily by the common law and the Uniform Commercial Code (UCC). Both bodies of contract law have distinct differences vital to understand.

Answering Contract FAQs with Joshua Brinen

What makes a contract? A contract is the meeting of the minds between two or more parties to accomplish a task. A contract is a binding obligation by which each

Different Types of Nondisclosure Agreements

Non-disclosure agreements (NDAs) are an important tool for many companies to safeguard confidential information from dissemination. Several different types of NDAs can be used, depending on the situation. For example,

What is a Nondisclosure Agreement?

A Nondisclosure Agreement, commonly called an “NDA,” is a contract between two or more parties that prevents the dissemination of a company’s sensitive information. An NDA is typically entered into

Types of IRS Audits

Receiving notice from the Internal Revenue Service (IRS) that you’ve been selected for an audit can be stressful and overwhelming. However, receiving a notice does not necessarily show any wrongdoing.