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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OTS Issues New Guidelines on Interest Rate Risk
On December 1, 1998, the Office of Thrift Supervision issued updated guidelines to enable thrifts to protect their financial condition from movements in interest rates. Thrift Bulletin 13a supersedes previous interest rate risk regulations and ...
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Owner’s Payments of Reduced Amounts to Subcontractors Found to be Unfair and Deceptive Trade Practice
Can an owner, who is in a dispute with the general contractor, pay subcontractors reduced amounts on their contracts without first obtaining the consent of the general contractor? According to a recent decision by a Boston Municipal Court trial ...
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Patents on Methods of Doing Business
As a federal judge from the Court of Appeals for the Federal Circuit recently put it, the State Street Bank decision from a few years ago started "a virtual land rush" for business method patents. This statement is pregnant with truth. An inventor ...
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Pennslyvania State Legislature Considers Y2K Bills
The Pennsylvania state legislature has introduced two additional bills addressing the Y2K problem, HB 2273 and SB 1434. On February 24,1998, the Pennsylvania House of Representatives introduced HB 2273, which provides technological immunity to ...
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Personal Injury: Do I Have To Go To Court ? Can I Settle Out of Court ?
Do you have to take your case to court? No, but if you do not act as if you are willing to go to trial, your claim will be worth dramatically less. As a practical matter, unless your case is filed "in court" before the one year statute of ...
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Physician Non-Compete Agreements, June 1999
We wanted to let you know about an important recent decision by the Arizona Supreme Court concerning the enforcement of non-compete agreements. that use such agreements with their physician employees and shareholders. In Valley Medical Specialists ...
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Planning for the Year 2000 Issue
With the year 2000 fast approaching, many companies have questions about the impact that the "Year 2000 Issue" (otherwise known as the "millennium bug") could have on their business. We have prepared this letter to provide general information about ...
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Post-Settlement Disputes
A recent unanimous decision by the United States Supreme Court in the trademark infringement case of Digital Equipment Corp. v. Desktop Direct, Inc., 114 S.Ct. 1992, 31 USPQ2d 1010, (June 6, 1994), has a serious and important message for all parties ...
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Potential Radical Expansion of New Jersey’s “Whistleblower” Statute
In the recent Appellate Division decision in Karol Maw v. Advanced Clinical Communications, Inc., et al. (Appellate Division Docket No. A-3606-01T3) (April 16, 2003), the court appears to have dramatically expanded the scope of the New Jersey ...
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Potential Y2K Breach of Contract Claims
Contracts are instruments for the allocation of future risks. Most include warranties -- either express or implied -- as to the qualities or performance of what is sold. With the Year 2000 problem, the underlying policy question is: Which party ...
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