The purpose of holding company is to allow those who own several businesses a way to limit liability and maintain ownership over each business. read more

Learn the pay back contract definition, how repayment clauses work, risks, enforceability, and best practices for drafting fair, legal agreements. read more

Oral contract Massachusetts law allows enforcement in many cases but requires writing for real estate and long-term deals. Learn rules, cases, and exceptions. read more

Learn the injured party legal definition, rights in civil and criminal law, types of injuries, remedies, and liability rules that protect victims of harm. read more

Understand the 3 types of incapacity in contract law—status, mental, and situational—and how they affect a party's ability to legally form contracts. read more

Discover the importance of tort law in business. Learn how torts protect companies, manage risks, and provide remedies for financial and reputational harm. read more

Learn how an implied promises clause creates enforceable obligations, its role in contracts and employment, and steps businesses can take to avoid risks. read more

Learn the enforceable law definition, elements of valid contracts, and factors that make agreements void, voidable, or unenforceable. read more

Learn how to file a Delaware certificate of cancellation limited partnership, required steps, fees, and compliance details to properly dissolve your LP. read more

To define subject to contract the first step is to understand that a contract is a promise between at two or more parties. read more