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

Keys to a Successful Mediation

Mediations are funny things. Sometimes the parties scratch, claw, fight, attack, and hammer each other, and move at glacial speed. Other times they quietly proceed, dance a minuet, and reach agreement at warp speed. The funny thing is that mediation ...
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Labor & Employment Update: May/June 1998

Year 2000 problems arise out of the inability of certain computer systems to properly recognize and process dates after December 31, 1999. This occurs because systems were designed to use only two digits to represent the year. Those systems will ...
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Language Construction

GATX Capital Corporation v. Fleet Capital Corporation, 1998 WL 410887 (N. D. Cal. 7/17/98). LANGUAGE CONSTRUCTION. In a duel of two industry giants, GATX, as successor to Itel and Fleet, as successor to Industrial Leasing, duked it out over a fairly ...
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Legal Developments in Asset-based Lending

According to the 2003 Survey of Operating Statistics compiled by the Commercial Finance Association, total asset-based loans outstanding in the United States in 2003 were valued at $328.9 billion. By contrast, in Canada, total asset-based loans ...
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Legal Issues and Risks of the Year 2000 Problem

Viasoft Vision (Fall 1996) The Year 2000 problem is rightfully regarded as a technical one -- your first priority must be to fix the problem within your own company. This priority, however, is only the tip of the iceberg. There are many legal issues ...
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Legal Issues in Contracting on the Internet

Internet Law Practice Group Online contracting raises novel legal issues that any business attempting to set up an online contracting site should consider. However, most legal hurdles can readily be overcome by appropriately structuring the web ...
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Lemon Law in Florida

One interesting area of the lemon law involves the argument that a vehicle used primarily in business is ineligible for lemon law. Section 681.102(4) or the Florida Statutes defines consumer as: The purchaser, other than for purposes of resale, or ...
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Lesson from the Sports Page: Do Not Terminate a Contract Unless the Breach Was Material

Ohio State University knows what it takes to run a big-time college sports program and how hard it is to comply with those NCAA recruiting rules. In fact, Ohio State specifically wrote into the employment agreement of its former men’s basketball ...
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Letters of Intent: Beware of the Unintended

A letter of intent ("LOI") can serve a variety of purposes in any business transaction. However, LOI's can contain pitfalls for the unwary. Too often business people enter into LOI's with the attitude that they are not binding. Before signing an LOI ...
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Litigating Y2K: A Class Act(ion)

As we approach the year 2000, the Millennium Bug--the computer glitch caused by some computers not recognizing the "00" in dates beginning 01/01/00 as 2000 instead of 1900 or 1980--has already spawned a number of lawsuits regarding Millennium Bug ...
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