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
-
Reduction of Attorney’s Fees Due (Reasonable Fees and Incivility)
Aspen Serv., Inc. v. IT Corp., 1998 WL 300961 (Wis. App. 6/10/98). REDUCTION OF ATTORNEY'S FEES DUE (REASONABLE FEES AND INCIVILITY) - In the case at bar, the plaintiff-lessor recovered from the defendant-lessee for rent owed under an equipment ...
Read More » -
Rental Equipment Charges are Lienable
Prior to January of 1993, most construction lawyers believed that a lessor of rental equipment was entitled to assert a mechanic.s lien for charges for rental equipment used to improve real property. In January of 1993, however, the North Carolina ...
Read More » -
Revised UCC Article 9 On Its Way
The Y2K problem is only one hurdle which the secured credit industry will be facing in the new millennium. In July, 1998, the National Commission on Uniform Laws adopted a complete revision of Article 9 of the Uniform Commercial Code. Article 9 ...
Read More » -
Russian Financial Crisis
On August 17, 1998, the Government of the Russian Federation and the Central Bank of Russia announced the gradual devaluation of the Rouble, the imposition of a repayment moratorium on certain loans to foreigners and the compulsory restructuring of ...
Read More » -
Sales & Use Taxes for 1998-99
During Connecticut's recently completed legislative session, attempts were made to simplify Connecticut's Sales and Use Taxes. Whether or not those attempts were successful will most likely be the subject of ongoing debates in the weeks and months ...
Read More » -
Sales Contract with Installments or Lease with Option to Buy?
American Family Mutual Ins. Co. v. Jepson, 1998 WL 348413 (8th Cir. S.D. 7/1/98). SALES CONTRACT WITH INSTALLMENTS OR LEASE WITH OPTION TO BUY?- The key lesson here is that courts will look to substance over form when determining the ownership of ...
Read More » -
Sarbanes-Oxley Should Not Preclude All Broker-Assisted Cashless Option Exercises by Insiders
Although some law firms have advised public issuers to suspend broker-assisted cashless stock option exercises for executive officers and directors in light of Section 402 of the Sarbanes-Oxley Act, we believe, subject to certain limitations, that ...
Read More » -
Second Circuit Rejects Insurance Company’s Attempt to Invalidate Insurance Contract
- When Warren Coolidge, then in his late 70s, bought a fire insurance policy to cover a rental property in Springfield, a section of the application asked for a yes or no answer to "Any claims/occurrences that may give rise to claims for the sic ...
Read More » -
Security Interests in Georgia
A material component of the wholesale marketing of petroleum products is the advancement of credit to customers. In conjunction with the advancement of credit, it is appropriate to secure the credit advanced to the greatest extent possible. Methods ...
Read More » -
Selling an Apartment Building in the District of Columbia? Beware of Tenants’ Rights
Selling an apartment building in the District of Columbia can be a complex matter. Sellers in the District must be particularly mindful of statutory provisions specifically addressing the rights of tenants upon the sale of a rental property.Consider ...
Read More »