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Components of a Contract

June 26th, 2019
Posted By
Shawn M. Peddycord
Contracts are easier to understand if broken down into parts. Unfortunately, those parts (and the labels to identify them) vary greatly from contract to contract. Generally though, business contracts are organized like this: 1. The Beginning of the C… Read More
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Categories: Business Contracts

Nondisclosure Agreements

May 23rd, 2019
Posted By
Shawn M. Peddycord
The most common type of business-to-business contract is the Nondisclosure Agreement (NDA). Why are NDAs important? NDAs permit a company to disclose valuable information to another company, while protecting the confidentiality of that information. T… Read More
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Categories: Business Contracts

5 Ways to a Simpler Contract

May 6th, 2019
Contracts should be drafted clearly, not with Shakespearian flourish. Words and styles should be reasonably understood by the people signing the contracts. Contracts should be written in plain English. Instead of saying this: “Now, therefore, in co… Read More
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Categories: Business Contracts

What are Reps and Warranties?

March 4th, 2019
Posted By
Shawn M. Peddycord
Representations and warranties (sometimes called “Reps and Warranties”) appear in many types of agreements. Although similar, representations and warranties have important differences. Representations are statements of present or past facts, whil… Read More
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Categories: Business Contracts

I thought you said…The Importance of Merger Clauses

February 11th, 2019
Posted By
Shawn M. Peddycord
Imagine this scenario: The President of Company X is negotiating with the President of Company Y to acquire certain assets for $100,000. Negotiations have stalled but both parties want to close the transaction. So President Y tells President X on the… Read More
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Categories: Business Contracts

What is Indemnification?

January 17th, 2019
Posted By
Shawn M. Peddycord
Contract negotiations can be complicated, especially when they involve legal issues. One of the most frequently negotiated contract provisions is indemnification, which is found in most business-to-business contracts. Indemnification is about risk al… Read More
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Categories: Business Contracts
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