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Remedies for Breach of Contract

Many states utilize a mix of statutory and common law to provide remedies for breach of contract. There are two general categories of remedies for breach of contract: damages and performance. Damages ...

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Tricked into Signing a Contract? Your Legal Rights

A valid contract has an offer, an acceptance and consideration. If a contract meets your states requirements for a binding legal agreement, you are generally bound by the contract. Each state provid...

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Can a co-signer have their name removed from a loan?

There is generally only one way to have oneself removed as the cosigner of a loan; a cosigner's name is removed is when the loan is paid off. Assuming the borrower or cosigner aren't able to pay the l...

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When Does a Breach of Contract Occur?

People often wonder if they should take action against another when a breach of contract occurs. The first thing to consider is whether a breach has actually occurred. The answer depends on the nature...

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What are the defenses to a breach of contract?

If someone is accused of breach of contract, there are a number of defenses available to argue that a contract should not be enforced. If any of the basic elements of a contract are missing, or if the...

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What is a binding contract?

A binding contract has three key elements. The parties must be competent, there must be consideration, and there must be mutual assent, which means that each side must be clear as to the essential det...

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What is an adhesion contract?

An adhesion contract is a contract where one side has all of the bargaining power and the other side has to agree to the terms or walk away from the transaction. Adhesion contracts are an extremely co...

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Does a contract have to be notarized?

A contract typically does not have to be notarized. A notary public (or simply 'notary') provides an acknowledgment that the signature appearing on the document is that of the person whose signature i...

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What is a contract?

A contract is an agreement between two or more persons (individuals, businesses, organizations, or government agencies) to do, or to refrain from doing, a particular thing in exchange for something of...

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Is a contract signed by a minor valid?

In all states, the age requirement to sign a contract is 18 years of age, and contracts signed by minors will be deemed invalid contracts. A child under the age of 18 is considered a minor and is unab...