General Commercial


Arbitration Clause

An arbitration clause is a contractual provision that establishes arbitration as a mechanism for resolving contract-related disputes.

Read the article →

Amendment Clause

An amendment clause is a contractual provision that establishes rules for changing an agreement’s terms.

Read the article →

Venue Clause

A venue clause is a contractual provision that establishes what courts have jurisdiction over disputes between the parties.

Read the article →

Dispute Resolution

A dispute resolution clause is a contractual provision that establishes how parties will handle disputes related to their agreement.

Read the article →

Liquidated Damages Clause

A liquidated damages clause is a contractual provision that establishes a predetermined damages estimate for certain breaches of contract.

Read the article →

A Basic Primer on Selling a Business: Summary - An Overview of Business Sale Processes

Read the article →

A Basic Primer on Selling a Business: What legal issues will buyers usually be concerned about when reviewing contracts?

Read the article →

A Basic Primer on Selling a Business: How to handle the “bad news” about a business being sold

Read the article →

A Basic Primer on Selling a Business: What kinds of information will buyers of a business want to see?

Read the article →

A Basic Primer on Selling a Business: How do people value a business?

Read the article →

A Basic Primer on Selling a Business: What are the key stages in the process of selling a business

Read the article →

A Basic Primer on Selling a Business: The role of financial statements and the misguided view that they are all that matters

Read the article →

A Basic Primer on Selling a Business: Case Studies in Selling a Business as an Information-Sharing Process

Read the article →

A Basic Primer on Selling a Business: Why selling any business is a challenging information-sharing process

Read the article →

Non-Compete Clause

A non-compete clause is a contractual provision that establishes one party’s promise to refrain from engaging in certain competitive activity against another.

Read the article →

Insurance Clause

An insurance clause is a contractual provision that establishes what insurance one or more parties must procure in connection with an agreement.

Read the article →

Shipping Terms

Shipping terms (or delivery terms) are contractual provisions that establish the legal and commercial rules for effecting delivery of goods under an agreement.

Read the article →

Price Adjustment Clause

A price adjustment clause is a contractual provision that establishes rules for adjusting the contract price in response to one or more triggering events.

Read the article →

Inflation Adjustment Clause

An inflation adjustment clause is a contractual provision that requires certain amounts to be adjusted periodically to track changes in inflation.

Read the article →

Payment Terms

Payment terms are contractual provisions that establish rules for when and how payment for goods or services supplied under a contract must be made.

Read the article →

Limitation of Liability Clause

A limitation of liability clause sets the boundaries of a party’s financial liability when defects in its performance cause another party to experience losses.

Read the article →

Renewal Clause

A renewal clause is a contractual provision that gives one or more parties the right to renew or extend the term of an agreement.

Read the article →

Most Favored Nation Clause

Most favored nation clauses are contract provisions that require that a party must receive rights and benefits under the contract that are equal to or more favorable than the rights and benefits received by any other parties.

Read the article →

Exclusivity Clause

An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a party’s requirements for a product or service from the other party and prohibitions against selling products or services to competitors.

Read the article →

Force Majeuere Clause

A force majeure clause is a contractual provision that establishes what happens to performance under the contract if a “force majeure” event occurs. “Force majeure” events are events beyond the parties’ control, such as accidents, acts of war or terrorism, civil or military disturbances, and nuclear or natural catastrophes or acts of God.

Read the article →

Termination Clause

A termination clause is a contractual provision that sets forth the circumstances under which agreements may be terminated, including the effects of termination, such as payments and other rights and obligations of the parties

Read the article →

Assignment Clause

An assignment clause regulates the extent to which a party’s interest in a contract may be assigned to another party; anti-assignment clauses are common because without them, generally, contracts are freely assignable.

Read the article →

Automatic Renewal Clause

An automatic renewal clause is a contractual provision that automatically extends the term for a specified period of time.

Read the article →

Indemnification Clause

An indemnification clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another.

Read the article →

Notice Clause

A notice clause is a contractual provision that stipulates how and to whom notice must be given under a contract for it to be legally binding.

Read the article →

Term Clause

The term clause is a contractual provision that defines the period when the contract begins and how long it will last.

Read the article →