Viewing: consideration

Revisiting Personal Guarantees

There are a surprising number of cases dealing with whether people who purportedly signed a personal guarantee actually agreed to personally guarantee a contract. Many of the issues I've seen arise when someone signs at the bottom of a contract as "guarantor" rather than signing a separate guarantee document. There's nothing wrong with doing that, […] Read More

Have You Thought About Consideration?

When people enter into a contract, everything changes. Before the contract is formed, people can change their minds. They can walk away from negotiations, ask for a higher price, or decide to do business with someone else. After the contract is formed, they have to do what they promised. Contracts are promises that courts will […] Read More