In commercial practice, an exclusivity agreement is a contract or contractual provision that limits one or both parties from entering into specified relationships or transactions with third parties for a defined period, within a geographicWhat Is an Exclusivity Agreement in Business Transactions and Contracts
What Is a Verbal Agreement? A verbal agreement (also called a verbal contract, oral contract, or “handshake agreement”) is an agreement formed through spoken words rather than a fully executed written document. Unlike a writtenVerbal Agreement Law: What Businesses Need to Know About Oral Contracts
California has taken yet another major step in reshaping the landscape of consumer arbitration law with the passage of S.B. 82, a statute that directly targets the reach of “infinite” arbitration clauses in consumer agreements.California’s S.B. 82: A Turning Point for Consumer Arbitration Agreements
Intellectual property (IP) has become one of the most valuable assets in modern business. Whether a company is negotiating a merger, hiring talent, building software, outsourcing manufacturing, or investing in AI technologies, questions of IPAddressing IP Ownership in Business Transactions
An arbitration agreement is a contract clause where parties agree to resolve disputes outside of the courtroom through arbitration. This offers a private, neutral, and often faster alternative to litigation. Arbitration agreements are commonly includedArbitration Agreement: Key Elements & Types
In the intricate world of contract law, survival clauses hold a significant position. They ensure that certain obligations and rights endure beyond the termination or expiration of a contract. Understanding these clauses is crucial forSurvival Clauses: Meaning & Examples
The inclusion of an Material Adverse Effect (MAE) clause in contracts is not just a legal formality but a strategic decision that can alter the course of a deal. By providing a mechanism for partiesWhat Does Material Adverse Effect Mean?
Forming a Limited Liability Company (LLC) in California is a smart way for entrepreneurs to protect their personal assets while building a legally compliant business. Although the process involves several steps and state-specific requirements, itHow to Create an LLC in California: A Practical Guide for Small Business Owners
What is Wrongful Termination? Wrongful termination occurs when an employee is dismissed from their job for illegal reasons. These reasons may include violation of federal anti-discrimination laws or a breach of contract. Additionally, dismissals thatSuing for Wrongful Termination
