Why You Need to Pay Attention to a Contract’s “Notices” Section
May 29, 2019The section called “Notices” that is typically found at the end of most contracts with other miscellaneous provisions is often overlooked as “boilerplate” contract language, but you would be wise not to ignore it. If overlooked, something in the Notices section could leave you unprotected. The p…
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Are “Time is of the Essence” Provisions in Contracts Enforceable?
May 27, 2019Sometimes parties to a contract — especially those involving the sale of goods — will include a “time is of the essence” (TOE) provision to signify that delivery deadlines are crucial to the performance of the contract. This is often because there are other critical factors that are dependent …
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What is a Demand for Adequate Assurance Letter?
May 24, 2019Contracts that deal with the sale of goods are governed by the Uniform Commercial Code (UCC). Under Section 2-609, one party has the right to demand an adequate assurance of performance from the other party if there is a concern that the other party will be unable to fulfill its contractual obligations due to…
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