Legal precedent comes from court decisions where judges are asked to interpret the law, and once a court rules on an issue, legal precedent becomes the law. This means that legal precedent and ...

Learn about contracts from Harvard Law Professor Charles Fried, one of the world's leading authorities on contract law. Contracts are promises that the law will enforce. But when will the law refuse ...

Identify the purpose of the transaction, which dictates its structure. Determine whether the transaction: involves the provision of goods (for more information, see Sale of Goods Agreement (Pro-Buyer) ...

The current Supreme Court is undoubtedly pro-arbitration – but after Monday’s oral argument in Morgan v. Sundance, it appeared that it might nonetheless conclude that a party can lose the right to ...

An explanation of common risk allocation mechanisms in commercial contracts, including indemnification, limitations of ...

For some years now, Professor Avery Katz has taught first-year contracts from a client-centered perspective that emphasizes how the rules of contract law can be used to promote the purposes of ...