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Contract Law

Expectation Damages in Contract Law

Expectation Damages in Contract Law When a contract is broken, one of the first questions the law must answer is simple but fundamental: Wha

Contract Law

Capacity to Contract: Who Can Enter a Binding Contract?

Capacity to Contract: Who Can Enter a Binding Contract? Contract law generally assumes that people who make agreements understand what they

Contract Law

Assignment vs. Delegation: What’s the Difference?

Assignment vs. Delegation: What’s the Difference? Contracts are usually made between specific parties. But contractual relationships d

Contract Law

Third-Party Beneficiary Rights in Contract Law

Third-Party Beneficiary Rights in Contract Law A contract does not always benefit only the people who sign it. Sometimes two parties enter i

Contract Law

Privity of Contract: Who Can Enforce a Contract?

Privity of Contract: Who Can Enforce a Contract? A contract can affect many people, but that does not mean every person affected by a contra

Contract Law

Specific Performance as a Contract Remedy

Specific Performance as a Contract Remedy When one party breaches a contract, the most familiar remedy is money damages. A court calculates

Contract Law

Liquidated Damages vs. Penalties in Contract Law

Liquidated Damages vs. Penalties in Contract Law When parties enter into a contract, they sometimes know that a breach could cause financial

Contract Law

Mitigation of Damages in Contract Law

Mitigation of Damages in Contract Law When a contract is breached, the injured party may be entitled to damages. But the law does not genera

Contract Law

Substantial Performance in Contract Law

Substantial Performance in Contract Law A contract does not always have to be performed perfectly for the performing party to be entitled to

Contract Law

Anticipatory Breach and Repudiation of Contract

Anticipatory Breach and Repudiation of Contract A contract may be breached before the date on which performance is actually due. At first th

Contract Law

Material Breach vs. Minor Breach of Contract

Material Breach vs. Minor Breach of Contract Contracts create obligations, but contractual performance is not always perfect. A party may pe

Contract Law

Implied Terms in Contract Law

Implied Terms in Contract Law A contract does not always say everything that the parties are legally expected to do. Some obligations are st

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