iOS app Android app

Fair Dealing

'Good Faith and Fair Dealing' in Contract Law Does Not Impose Abstract Morality

Brad Reid | Posted 09.01.2014 | Business
Brad Reid

The Delaware Court of Chancery recently discussed the contractual legal requirement of "good faith and fair dealing" in the context of a limited partnership agreement. In essence, a contract's language and the purposes of the contracting parties control any implied terms that a court might impose.

Marketing Materials May Not Be Legally Binding

Brad Reid | Posted 02.17.2013 | Business
Brad Reid

Parties have freedom of contract and accept the risks of an uncertain future. If one wants oral promises and marketing materials to be legally enforceable, their language must be contained within the final signed agreement or the documents must be carefully incorporated by reference.