What is a Contract? Simple question. Everyone conceptually knows what a contract is. However, there are a lot of finer details. What is a Contract? At its simplest, a contract is a legal agreement between two or more people. Legally speaking, a contract is a legal device that exists once certain conditions are met. It…

In order for a contract to be valid and enforceable, certain elements must be met. The rule on this is actually different for sale of goods versus the sale of services, so this article focuses on services. The differences are subtle and will be noted. Also, it should be noted that just because a contract…

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