Moral obligations might seem strong enough to equate to a good legal contract, but moral obligations and legal contracts are completely separate entities. A moral obligation can be encoded into a ...

Back to basics – Do you even have a contract? Generally, a contract will be formed when parties come to an agreement through offer/acceptance. This doesn’t typically create problems where there is a ...

In America, we don't tend to use the words "solidarity" and "social contract" as frequently or naturally as the Europeans do, but the idea of a social contract is actually as American as apple pie--or ...

In the international upstream oil and gas exploration and production industry, joint operating agreements (“JOAs”) are the key agreements which govern the terms upon which oil and gas companies ...

Adam Leitman Bailey and John M. Desiderio explain how New York courts decide whether a buyer’s or seller’s failure to meet a real estate contract obligation is a “material” breach that justifies ...

Discover how extra-contractual obligations clauses in reinsurance impact insurers and reinsurers, covering expenses due to negligence, bad faith, or regulatory penalties.

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