Legal precedent comes from court decisions where judges are asked to interpret the law, and once a court rules on an issue, legal precedent becomes the law. This means that legal precedent and ...

One of the basic tenets of contract law is that the parties must come to a “meeting of the minds” in order to have a valid and enforceable contract. Valid contracts require an offer, acceptance, and ...

A checklist of strategies and tips for effectively drafting commercial contracts, including guidance on how to effectively plan the contract drafting process, select the proper form of contract, and ...

From credit card agreements to offers of employment, leases, and business agreements, contracts are a common part of the modern world. While you do not need to be an attorney to use or even create a ...

The existence of a valid and binding written or oral contract between the parties. The plaintiff’s performance, partial performance (in some cases), or excuse for nonperformance of its contractual ...

LLMs and generative AI are still under development, but they have the potential to revolutionize the way lawyers work, including automating the drafting of contracts, translating legal documents, and ...

A project to develop open source technology and standards for “computational contracting” for the legal world that deploys blockchain technology and distributed ledgers is set for an imminent launch.