Terms to Know: Entire Agreement (the “Merger Clause”)
Some contracts have a paragraph in the boilerplate at the end: Entire Agreement. This Agreement contains the entire agreement between...
Terms to Know: Time is of the Essence
Often, contracts contain deadlines for performance – delivery, payment, closing, etc. What happens when the time for performance comes...
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...
