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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
