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, these rights are not the same. A right of first offer provides the holder...
Business of Law
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 scope of an NDA — and the limitations of these...
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. If you regularly deal with contracts, it’s important to know which law applies —...
Answering Contract FAQs with Joshua Brinen
https://vimeo.com/1068215979/8309130525?badge=0u0026autopause=0u0026player_id=0u0026app_id=58479 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 party...
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, some business relationships might require a mutual...
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 at the beginning of a business relationship or significant financial...