The assembly line is a manufacturing process that involves assembling several parts of the intended final product in a sequential […]
Business
Non-Solicitation Agreement: Purpose and Elements
A non-solicitation agreement can either be a close within a master contract or a separate contract that forbids one party […]
Pros and Cons of Non-Compete Clause: The Arguments
A non-compete clause or NCC is a provision or clause in written contracts that obliges one party to agree not […]
Writing a Force Majeure Clause: Elements and Considerations
Force majeure is a common provision or clause in contracts that frees involved parties from liabilities or obligations when an […]
How to Write a Non-Disclosure Agreement
A non-disclosure agreement or NDA is a specific legal contract or a clause within a written contract that prohibits one […]
Parts of a Written Contract: Elements and Clauses
A legally binding written contract should not only meet the requirements or include all of the general elements of an […]
Meeting of the Minds: Understanding the Concept
The phrase “meeting of the minds” is a concept in contract law that represents not only the collective agreement between […]
Kinds of Contracts: From Manner of Creation to Validity
A contract represents a legally binding agreement between two or more parties. Note that there are different types or kinds […]
Elements of an Enforceable Contract
There are six recognized elements of an enforceable contract. Of course, as a backgrounder, a contract is a legally binding […]
Econ 101: The Difference Between Recession and Depression
Recession and depression are two terms used in economics to describe downturns in economic activities. Take note that although both […]