Terms to Know: Force Majeure
“Force majeure” is French for superior power. Why, then, is this phrase included in most American contracts? A typical force majeure...
Terms to Know: Indemnity
An indemnity clause is often one of those “boilerplate” clauses that make a business owner’s eyes glaze over. This is a contractual...
Terms to Know: Punitive Damages
Unless there is fraud or egregious contract (and not just a breach of contract) you are also not entitled to punitive damages or pain and...