What is a Liquidated Damages Clause in a Contract?
September 26, 2018One of the ways to help reduce risk in a commercial contract is the inclusion of a liquidated damages clause that specifies an estimated payment for any resulting damages from a breach of that contract. Once the types of breaches are defined in the contract terms, the monetary damages to be set are the parties’ […
DetailsWhat is the Economic Loss Rule in Arizona?
September 24, 2018The economic loss rule exists in contract law to provide for the recovery of damages by a party that has suffered an economic loss — as opposed to tort law that provides a basis for recovering for property damage or personal injury. How the economic loss rule is applied varies from state to state and [&hellip…
DetailsWhere Should I File My Business Lawsuit? Venue, Forum, and Jurisdiction in Arizona.
September 8, 2018When you file a lawsuit in the state of Arizona, you must file it in the proper venue and have personal jurisdiction over the defendant. But even if you get that right, the doctrine of forum non conveniens can get the lawsuit transferred to a court in another state or country if that alternative forum […]…
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