How an Assignment of Contract Works (and When It Won’t)
May 7, 2019When one party to a contract transfers the obligations and rights under that contract to another party (the assignee), this is known as an assignment of contract. The assignee is then expected to carry out all the duties under the original contract in place of the original contracting party and the other part…
DetailsThe Difference Between Void and Voidable Contracts
April 8, 2019Essentially, the difference between void and voidable contracts is enforceability: a void contract is illegal and unenforceable; a voidable contract is legal and enforceable. Void contracts A contract that is void is unenforceable, meaning that neither party has legal recourse against the other for a breach. A cont…
DetailsWhat is the Parol Evidence Rule?
April 2, 2019In a breach of contract lawsuit, the parol evidence rule excludes the admission of evidence that varies from or contradicts the written terms of the contract. This external evidence is often a verbal exchange (e.g., emails or an oral discussion) regarding the contract terms that vary from the terms of the final con…
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