Definition of a Contract: A contract can be defined as an agreement between two or more private parties that creates mutual obligations enforceable by law. The basic compulsory elements that make an agreement a legally enforceable contract include mutual assent or genuine agreement, valid offer and acceptance, adequate consideration, as well as capacity and legality. In some … [Read more...] about The Principles of Contract Law and their Application to Businesses
Survey the students of any law school about their reasons for choosing law and you will find that their answers largely fall into three categories. Some of the students will come from law families, with the expectations of parents and siblings weighing down on them. Others will want to ‘make a difference’. Usually, motivated by an injustice that they experienced first hand or … [Read more...] about 10 Secrets Every Law Student Should Know
For more than a century, the Federal Trade Commission has been protecting the concerns of American consumers. The mission of the Federal Trade Commission or FTC is to protect consumers and competition by preventincomg the anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, education, and without unduly burdening business activity. The … [Read more...] about Types of competitor dealings with antitrust risks
The industry environment in the United States has grown highly competitive and companies are entering into complex agreements and partnerships in order to survive the competition. Whether it is for foreign expansion or funding of innovation efforts, or about bringing operating expenses low, companies are forming complex collaborations to achieve create growth momentum. Mostly … [Read more...] about How does the US Supreme Court determine if a collaboration between competitors is illegal?
While many times mergers of businesses are beneficial for both the consumers and the society and allow businesses to operate more efficiently by allowing them to reduce prices of their products, many times the case can be different. Several times the purpose of a merger between two or more businesses may be gaining more market power or establishing market dominance. In such a … [Read more...] about Mergers and premerger notifications in the United States