What are the Elements of a Binding Contract in Arizona?
January 9, 2019While contracts need not be in writing to be binding, there are three elements that must be a part of any agreement—written or oral—to be considered binding and enforceable in Arizona. Offer One party creates an offer by proposing—either in writing, verbally, or sometimes mere actions—an exchange of somethi…
DetailsWhat is Breach of Fiduciary Duty?
November 30, 2018A fiduciary duty is a responsibility to act in the best interests of someone or something else. It is made legally binding either by statute, case law, or by contract. A company’s Board of Directors has a fiduciary duty to shareholders; an attorney has a fiduciary duty to his or her clients. When a breach [&helli…
DetailsCommon Defenses to a Breach of Contract Claim
November 5, 2018Breach of contract — where a lawsuit is filed because one party believes another party has failed to deliver on the terms of a written or oral contract — is one of the most common legal business disputes. If your business is ever involved in a breach of contract suit, your first step should be [……
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