Legal precedent comes from court decisions where judges are asked to interpret the law, and once a court rules on an issue, legal precedent becomes the law. This means that legal precedent and ...

Article 2 of the UCC applies to all commercial contracts for the sale of goods in 49 of the 50 states.[1] Under the UCC “a contract for the sale of goods for the price of $500[[2]] or more is not ...

Introduction: Why Precision in Contract Drafting Matters - Specificity in drafting allows contracting parties to allocate risk ...

Identify the purpose of the transaction, which dictates its structure. Determine whether the transaction: involves the provision of goods (for more information, see Sale of Goods Agreement (Pro-Buyer) ...

For some years now, Professor Avery Katz has taught first-year contracts from a client-centered perspective that emphasizes how the rules of contract law can be used to promote the purposes of ...

Attorneys representing local governments often juggle numerous requests to draft or review contracts on tight deadlines. Regardless of the subject matter, the attorney must provide a rapid, thorough, ...