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…
DetailsCan an Email be Considered an Enforceable Contract?
October 24, 2018Only the most seasoned business veterans remember the days when business correspondence involved paper and ink. Today, almost all business is conducted via email, including negotiating for goods and services. Over the past decade, courts have typically held that emails can be enforceable contracts, even if the purp…
DetailsWhat 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’ […
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