formation of contracts

Wood v. Lucy, Lady Duff-Gordon

222 N.Y. 88 (1917) One-Sentence Takeaway: In exclusive agency or output/requirements contracts, courts will imply a promise to use reasonable…

1 week ago

Adequate Consideration

The return that a promisor receivers for his or her promise, where all contracting parties receive each other's promises as…

2 weeks ago

168th and Dodge, LP v. Rave Reviews Cinemas, LLC

501 F.3d 945 (8th Cir. 2007) One-Sentence Takeaway A binding contract is not formed by a preliminary agreement which sets…

3 weeks ago