Negotiating a contract between two businesses can become a drawn-out process, and it is not uncommon for the parties to the agreement to have held multiple meetings in which proposed terms were discussed or written down, oral understandings were exchanged, or even a...
Parties to an agreement, particularly a business agreement, do not operate in an environment of perfect knowledge. Sometimes after entering into a contract either or both of the parties to it may realize that a mistake has occurred in the way the contract was written...
The saying, "Knowledge is power" is one that many businesses in this state understand even if they never utter those words. In the present-day information era, often what is most important to a company's profitability or even its survival consists of data, processes,...
If two individuals or organizations enter into a written agreement, it is considered to be a contract. If the one of the parties does not meet their obligations as defined by the agreements, they are considered to be in breach of contract. When this occurs, the...
In its most basic form, a contract is an agreement by two or more parties that is binding on all parties. In some cases, a party may agree to do something that it otherwise would not be obligated to do. In other cases, a party may not do something that it is otherwise...
Businesses engaged in the selling of goods often enter into sales contracts with buyers. These contracts are formed when a business agrees to supply goods to the buyer by a certain time, and the buyer agrees to pay money in exchange. Sales contracts are legal...
One of the easiest ways to have a deal nullified is to not put it in writing. In most cases, a court will rule that a contract does not exist unless it is written out. Having a physical document helps to outline the agreement and the obligations of both parties...
The remedies available to a plaintiff in an Ohio breach of contract case depend on the terms of the contract. The most common remedy is money damages, but the plaintiff may in some circumstances pursue rescission, specific performance or injunctive relief, either in...
One simple, yet effective, way that Ohio businesses can avoid contract disputes is to have all contracts and agreements notarized. This may seem like an unnecessary and time-consuming step, especially if a notary public is difficult to locate. However, a business...
Ohio residents may be interested to learn about a breach of contract dispute that was just resolved between Xerox and the Montana Department of Health and Human Services. As of July 18, the state agency has confirmed that Xerox is no longer in breach of contract, and...