The Difference Between Void and Voidable Contracts
April 8, 2019Essentially, the difference between void and voidable contracts is enforceability: a void contract is illegal and unenforceable; a voidable contract is legal and enforceable. Void contracts A contract that is void is unenforceable, meaning that neither party has legal recourse against the other for a breach. A cont…
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What is the Purpose of a Non-Waiver Provision in a Contract?
April 4, 2019You own a business and one of your best customers is late paying their invoice one month. To maintain your good relationship, you decide to forego charging the customer a late fee, although you have the right to do so written into your contract. Have you just established a precedent whereby that customer can expect…
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What is the Parol Evidence Rule?
April 2, 2019In a breach of contract lawsuit, the parol evidence rule excludes the admission of evidence that varies from or contradicts the written terms of the contract. This external evidence is often a verbal exchange (e.g., emails or an oral discussion) regarding the contract terms that vary from the terms of the final con…
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