For most businesses, commercial transactions are an everyday part of their operations – but did you know that without a corporate attorney, these important transactions might never come to fruition?
On November 6, 2018, Michigan voters elected to allow the possession, use, and cultivation of marihuana (also known as “marijuana”) by persons twenty-one years of age or older. So, how might this effect private employers?
A fiduciary duty is like the “golden rule,” whereas we are required to “treat others how we would like to be treated” within the scope of a professional relationship.
In contract law, an illusory promise is unenforceable due to indefiniteness, or lacking mutual obligation. For example, owner of a business forms an agreement to “pay for products if he feels like it.”
An enforceable noncompete requires legal consideration. Legal consideration means something was given, a legal value and bargained for exchange; in other words, “this for that.”
Adam Keilen Generally, the implied covenant of good faith and fair dealing is a presumption that parties to a contract will handle the contract’s affairs in a manner that is…
Adam Keilen A contract of adhesion is a standard form drafted by one party, usually a party with stronger bargaining power, and signed by the other party, usually a party…
Adam Keilen When it comes to contracts, under Michigan common law, what constitutes acceptance of an offer? Under M Civ JI § 142.13, Acceptance, acceptance is a statement or conduct…
Adam Keilen Questions Surrounding Buy-Sell Agreements. What happens when one partner is ready to exit the business? What are they entitled to? What are the surrounding terms and conditions of…