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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Cooley Alert: Non-Competes-Stock Option Forfeitures
A recent decision of the U.S. Court of Appeals for the Ninth Circuit has prompted employers in California to consider whether to require an employee to forfeit stock option gains if the former employee goes to work for a competitor. This decision ...
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Cosigning a Loan
March 1997 What would you do if a friend or relative asked you to cosign a loan? Before you answer, make sure you understand what cosigning involves. Under federal law, creditors are required to give you a notice that explains your obligations. The ...
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Court Denies CMO Investor’s Claim Against Rating Agency
The Court of Appeals for the Seventh Circuit recently decided that an investor in securities was not an intended third party beneficiary of the contract between the issuer of those securities and the rating agency that rated them. Therefore, the ...
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Court Rejects Proposed Class Action Settlement
In Polar International Brokerage Corp. v. Reeve, 1999 U.S. Dist. LEXIS 7223, 1999 WL 311817 (S.D.N.Y. May 17, 1999), Judge Shira A. Scheindlin of the United States District Court for the Southern District of New York denied approval of (1) a ...
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Courts Are Evaluating Restrictive Covenants in Physician Employment Contracts in Favor of Professional Mobility and Public Access to Care and Facilities
Reprinted with permission of THE HEALTH LAWYER The ABA Health Law Section As physicians' practice structures continue to evolve from sole proprietorships or small partnerships to larger integrated groups, physicians must be ever mindful of changes ...
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Covenant Not to Compete Enforced by Preliminary Injunction
Plaintiff, a company in the business of selling computer bar code systems with accounts in 48 states, sued Defendant, a former employee, for breach of a covenant not to compete. Defendant had terminated her employment with Plaintiff, and accepted an ...
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Covenant not to Sue in Employment Situations
In this case, the District of Massachusetts held that a covenant not to sue which contained "drastic penalties" for breaching the covenant "offended the intent of Congress" in passing the ADEA and OWBPA because it put employees in a "cynical ...
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Credit Application and Agreement
(Here, just beneath the words 'CREDIT APPLICATION AND AGREEMENT', identify name of company of whom credit is requested giving address, telephone and fax numbers.) The above-named in consideration of and for the purposes of agreements and ...
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Credit Applications and Credit Sales-Part I
The economic slowdown and recession of the early 90's forced many businesses to re-evaluate their credit sales and the status of their accounts receivable. The prudent course of action should involve instituting pre-delinquency precautions and where ...
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Cross Product Master Agreement Released
The new Cross Product Master Agreement ("CPMA") was officially released at a recent symposium hosted by the Federal Reserve Bank of New York, together with a corresponding Schedule and Guidance Notes. As stated in the Guidance Notes, the CPMA was ...
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