Contracts are meant to be followed. There are specific penalties possible for breaching a contract. Without those penalties, having a contract would be a pointless waste of time. You should understand a few basic points about contracts and breach of contract if you...

There are many ways that a real estate deal can fall apart, even after you make on offer. If you officially make an offer and sign a purchase contract, it is still possible to retract the offer, but you must handle it very carefully to avoid further problems. In any...

Whether you're dealing with a dispute that means redrawing lines in your contract or you want to ensure the contract is solid and meets your needs to avoid future disputes, negotiation skills are important. Here are some tips for swaying things your way in any...

Renegotiating contracts should always be serious business. When you approach someone and indicate that the current agreement isn't working for you -- for any reason -- you automatically make yourself somewhat vulnerable in the interaction. Already, the other side...

While many contract disputes are handled via paperwork and third-parties, there are times you end up face-to-face over the matter. Depending on what's at stake in the dispute, things can easily get heated in these negotiation sessions, but fanning the flames often...

Avoiding contract disputes is an important thing for any business or business owner. Contract disputes can become very expensive and result in loss of funds, brand standing and copious amounts of time. One of the simplest ways to avoid some contract disputes is to...

If you and the other parties have done due diligence, you might find yourself in a contract that seems locked down tighter than the federal Mint. Hopefully your due diligence also included exit strategies in the contract, though you might find you need to pay out a...

In business, contracts are essential to protecting yourself during transactions with others. But if you deal with the federal government, then you might find yourself dealing with slightly different rules when it comes to contracts. As of 1979, many contracts held...

Business contracts are some of the most important documents you'll have when you start creating a new facility. You'll want to establish solid relationships with others, like vendors or sellers, renters or landlords. Entering into a business relationship via contract...

Not all breach of contract lawsuits are as cut and dried as you might assume. In many cases, the type of compensation that can be sought depends on whether or not there was a realistic monetary loss connected to the breach. For example, a manufacturer could order...