Commercial Contracts
The term commercial law describes a wide body of laws that govern business transactions. The primary authority that governs commercial transactions is the Uniform Commercial Code (UCC). By definition, commercial contracts represent a combination of commercial and legal factors. For businesses and organizations, the key requirement is to ensure that the legal arrangements allow the full commercial benefits to be realized. This is FindLaw’s collection of Commercial Contracts articles, part of the Business Operations section of the Corporate Counsel Center. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Business Operations
Commercial Contracts Articles
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California Court Morphs Unenforceable “Agreement to Agree” into a “Contract to Negotiate an Agreement”
Until recently, a company negotiating a contract in California typically could back out of the negotiations at its whim so long as the parties had not reached agreement on one or more "essential terms" of the proposed contract. Even if the parties ...
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California Supreme Court Hears Argument on SCE/CPUC Settlement
On May 27, 2003, the California Supreme Court heard oral argument from Southern California Edison Company (SCE), the California Public Utilities Commission (CPUC) and The Utility Reform Network (TURN) on three issues that the United States Court of ...
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Caution: Be Careful When You Begin IRA Distributions
The day eventually arrives when you decide to begin receiving distributions from your individual retirement account. If you have reached age 70=, you will be required to begin distributions. In either case, what do you do? The bank, broker or mutual ...
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CAVEAT VENDITOR = “Let The Seller Beware”
Before you make your first sale, obtain the correct legal composition of your customer. The best source is a copy of a check. Advance Sales Protection. Have the buyer sign a credit application with adequate terms of sales and have the principal of ...
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Checking Your Credit Report
Credit reports are free to anyone denied credit, insurance, or employment within 60 days of receiving a denial notice. Otherwise, a credit bureau can charge you up to $8.00 for a copy of your report. You can request your credit report from the three ...
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Checks and Balances: Doing Overdraft Protection Coverage the Right Way
Characterized by the Comptroller of the Currency in September, 2003 as an "accident waiting to happen," bounce protection (the service by which a bank chooses to pay a transaction account customer's NSF item and assess an overdraft fee for this ...
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Choice of Forum in Franchise Agreements Still Subject of Debate
While franchise arbitration agreements continue to receive favorable treatment under the Federal Arbitration Act, 9 U.S.C. ' 1, et seq., ("FAA") the ability of franchisors and franchisees to freely choose their forum remains under attack. As the ...
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Choice-of-Law Issues in Leases
Despite the uniformity between states' laws created by the adoption of UCC Article 2A in virtually every state (South Carolina, Vermont and Louisiana being the sole exceptions), there are many issues which are resolved by a determination of which ...
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Chrysler ABS Brake Recall and Payback
On April 15, 1996, Chrysler Corporation, facing a barrage of consumer complaints, a government investigation and a class action lawsuit, agreed to fix 275,000 1991-93 minivans Caravan C-V, Dodge Caravan, Grand Voyager, and Town and Country, 67,000 ...
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Class Action Fairness Act Tabled for 2004
A bill that everyone thought would pass has been rejected by the Senate. The Class Action Fairness Act was aimed at the abuse of class action lawsuits but did not receive the majority votes that it needed to pass. The vote was 44-43. Therefore, it ...
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