Skill Bits Collection
Basics about Contracts Contract Administration Contract Compliance and Ethics Contract Drafting Contract Management Contract Negotiations Contract Risk Management Contracts Digital Contract Management Solutions EPC Contracts Financial Management for Contracts International Contracts Managing Contracts
Breaking the Deal: Consequences of Illegal Contracts
So, you’ve entered a contract, but now there’s a nagging suspicion it might be illegal. Uh oh. Illegal contracts come with some unpleasant consequences. The exact consequences can vary depending on location and the specific illegality involved. The court will…
Not-So-Solid Agreements: When Contracts Can Be Challenged
Contracts are the building blocks of countless agreements, but what happens when the foundation is shaky? Several factors can render a contract voidable or void, meaning it can be challenged or even cancelled. Here’s a breakdown of these key elements….
Don’t Get Caught Up in Illegal Contracts: Understanding When Agreements Go Against the Law
Contracts form the backbone of countless agreements, but what happens when an agreement brushes against the law? Understanding illegal contracts can save you from trouble. Illegal Contracts at Formation: A contract is considered illegal from the start if: Ignorance Isn’t…
“Not My Deed”: When Contracts Go Wrong with Non Est Factum
Imagine signing a contract, but later realizing it wasn’t what you thought. Non est factum, a legal term meaning “it is not my deed,” offers a defense in such situations. This defense applies when someone signs a contract under a…
Misrepresentation: When “Truth” Matters in Contracts and Beyond
Misrepresentation – it’s a big word for a concept we all encounter: being misled by false or incomplete information. This can happen in everyday situations, but it holds particular weight in legal contracts and shaping public opinion. Misrepresentation in Contracts:…
Not All Agreements Are Created Equal: When Contracts Can Be Challenged
We rely on contracts every day, from buying a coffee to signing a lease. But what happens when an agreement seems unfair or based on a misunderstanding? The law recognizes certain factors that can render a contract unenforceable. Here are…
The Building Blocks of a Contract: Key Elements for Every Agreement
Contracts are the foundation of countless interactions in our daily lives, from buying groceries to signing a lease. But what makes a simple agreement legally binding? Understanding the essential elements of a contract is crucial for anyone entering into one.…
The Flow Down Effect: How Contracts Cascade Through a Project
Imagine a complex project like a waterfall – the water starts at the top and flows down, eventually reaching its destination. In the world of contracts, a similar concept exists: contractual flow-down. Here’s how it works: The Benefits of Flow…
Back-to-Back Contracts: Ensuring Everyone’s on the Same Page
Imagine a project where everything flows smoothly, like perfectly fitting puzzle pieces. That’s the power of back-to-back contracts. They’re not new contracts, but a way to connect existing ones, ensuring everyone’s on the same page. How it Works: Transparency Throughout:…