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: 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...
Terms to Know: Consequential Damages
Many contracts have a provision like this: NEITHER PARTY WILL BE LIABLE TO THE OTHER IN ANY EVENT FOR ANY SPECIAL, INCIDENTAL, INDIRECT...
