Is a Verbal Contract Binding in the State of Michigan

Is a Verbal Contract Binding in the State of Michigan

Verbal contracts, also known as oral contracts, are agreements between two or more parties that are not in writing but are agreed upon through spoken communication. These types of contracts are often made in everyday situations, such as purchasing a used car from a...
Breaking a Contract: How Deep in Trouble Are You

Breaking a Contract: How Deep in Trouble Are You

A contract is a legally enforceable agreement between two or more parties. When entering into a contract, the parties involved are legally obligated to fulfill their end of the bargain. However, when one party fails to do so, it can result in the termination of the...
Is Business Law and Commercial Law the Same

Is Business Law and Commercial Law the Same

  Most business owners know that various laws constantly affect their company’s operations. Thus, hiring an attorney to sort out your company’s legal requirements and act on litigation, if any, is one of the best moves you can make as an entrepreneur.  Business...