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Material default legal definition refers to a party's failure to honor the clauses in a contract. read more

Learn how to handle extending an expired contract in India, including legal risks, renewal options, and practical steps to protect your business. read more

Learn how goodwill sale contracts affect business asset sales, tax treatment, and value allocation. Understand legal and financial considerations in detail. read more

Can you sue someone over a verbal agreement? Learn how oral contracts are enforced, what evidence is needed, and the legal process for suing over a breached verbal contract. read more

Torts and contracts are legal terms in commercial and contract law. Are both terms the same or different? read more

Unilateral acceptance of a contract can only take place by means of actual performance. read more

A valid liquidated damages clause goes into effect when one party in a contract breaches the terms, resulting in a loss or injury, rights, or property. read more

Are handwritten contracts legal? Learn if they hold up in court, key enforceability factors, and best practices to ensure validity and legal protection. read more

Consideration, or something of value exchanged in a contract, must be adequate in many jurisdictions in order for a contract to be enforceable. read more

What are the types of contract available? This is something you need to know if you are planning to enter into a contractual agreement. read more