Grasping Void Agreements A void agreement is one which cannot be enforced in a court of law. It is as though it never existed, hence the term "void." The Indian Contract Act defines void and voidable agreements. According to Section 2 (g) of the Indian Contract Act, 1872, "An agreement not enforceable by law is said to be void."Several events
What is an Option to Buy Agreement? An option to buy agreement, also known as a purchase option or option to purchase, is a legally binding contract that grants the option holder (usually the potential purchaser) the right, but not the obligation, to purchase or lease a specified property or asset at a predetermined price, within a specified time frame.
A Closer Look at Chicago Daily Law Bulletin An Essential Part of the Chicago Legal Community, The Chicago Daily Law Bulletin Has Been in Publication Since 1854 and Is the Nation’s Oldest Legal News Publication. As an Independent Legal News Service, The Chicago Daily Law Bulletin Has Been Providing Illinois Lawyers with the Most Up-To-Date News and Legal Information for
What is Equine Law? Equine law is the niche of legal practice that involves horses. That may seem superficial, but the reality is the law governing anything related to horses is incredibly vast and varied. From the sale and purchase of horses to their transportation across jurisdictions, from liability for injuries, diseases, defects, and injuries, to everything that has to
Pay Reduction Statutes: What You Should Know Legal Framework Governing Pay DecreasesWhen it comes to pay decreases, the legal rules are slightly different. Unless the employee gave prior written consent to the pay decrease, it may be illegal for the employer to unilaterally decrease an employee’s pay. "Unilateral" means a one-sided change to a legal relationship—here, the contractual relationship between
What is A Unilateral Contract? A unilateral contract is a one-sided, uncommunicated agreement that offers something in exchange for an act to be performed. For a unilateral contract to be formed, two elements are required: (1) an offer to do something and (2) the performance of that act. A unilateral contract differs from a bilateral contract mainly by requiring the
Reasons for early termination In addition to situations where both the tenant and landlord agree to the termination, Massachusetts allows for early termination of leases under certain circumstances. The most basic is simply the expiration of the lease term. A lease will expire on the date specified in the lease unless a new agreement or conditions state otherwise. However, tenants
A Deep Dive into Legal Aid in DeKalb County In DeKalb County, legal aid services offer critical support to low-income residents who are struggling with a wide range of civil legal issues. These public and nonprofit agencies serve as advocates for those who might otherwise find it impossible to navigate the court system without representation. By providing information, advice, and
What Does a Legal Billing Specialist Do? Ensuring that your law firm bills correctly and in a timely manner is crucial for financial success. This is where a legal billing specialist comes into play. But what exactly is a legal billing specialist, and what do they do?To put it simply, a legal billing specialist is a critical position within law
What is Unfinished Work? Unfinished work by a contractor often constitutes a breach of the construction contract, since parties who agree to hire contractors assume that the contractors will become legally bound to complete the project up to specifications. A contractor who accepts a contract assumes responsibility to complete the job as agreed. When a contractor tells a client "Trust