Definitions The fundamental definition of a void agreement is one that is unenforceable and cannot be ratified or confirmed by the parties who are bound to it. For example, a void agreement is one that is never legally binding in the first place. It is null and has no legal effect. Whereas, a voidable contract is one that is binding […]

What is a GMP Contract? A Guaranteed Maximum Price (GMP) contract is a type of contract used in the construction industry that guarantees that the construction owner will pay no more than the amount stated in the contract. As one might suspect, a GMP contract is the opposite of a cost plus contract. Cost plus contracts provide no maximum price […]

The Significance of Etiquette in Court The very foundation of the legal system rests on respect, order and fairness. No one expects a judge to tolerate rude behavior or a lack of decorum. Yet, some lawyers may treat court proceedings too informally to maintain the respect due the court and the legal system. Professionalism establishes the parameters for practice in […]

What is a MCA Agreement? An MCA agreement, or Merchant Cash Advance Agreement, is a financing agreement used between a business and a third-party source that allows the business to receive funds quickly, up front. Importantly, the agreement is not with a bank and it is not a loan, meaning the parties are in a different starting position than the […]

What Is a Verbal Contract in Texas? A verbal contract is an oral or spoken contract as opposed to a written contract. Under Texas law, not all contracts must be written to be legally binding; some are oral agreements of parties that are known as verbal contracts. The parties to such contracts may choose to enter into an oral agreement […]

Overview of Oklahoma Legal Guardianship Legal guardianship is a legal designation in Oklahoma that gives a person, called a "guardian," the authority to act on behalf of another person, called a "ward." Guardianship can be granted over an adult or a child, but either way, the purpose of the guardianship is to provide a decisionmaker for people who cannot care […]

An Overview of Indiana Debt Collection Laws The primary purpose of the Law of Debtor and Creditor in Indiana is to establish a fair system of collecting debts while protecting individuals from aggressive collections. The state of Indiana has extensive regulations addressing both creditor and debtor rights, as well as rogue debt collection companies and their actions. More explicitly, the […]

What Is An Ohio Purchase Agreement? An Ohio purchase agreement is a legally binding document that obligates a seller to deliver and a buyer to pay for real estate at an agreed-upon price. There are four key elements that make up a purchase agreement: parties, consideration, conveyance, and execution. The main purpose of this binding contract is to convey the […]

Illinois Domestic Partnership Legal Status The Illinois Domestic Partners Act ("IDPA"), enacted in 2003, codified the legal status of domestic partnerships within the state. Illinois was the first state to pass a law recognizing domestic partners, which was updated in 2011 with the passage of the State of Illinois Religious Freedom Protection and Fairness in Marriage Act and later codified […]

What is the Legal Limit for Alcohol in Wisconsin? Driving under the influence of alcohol is not unique to Wisconsin and most states have implemented legal blood alcohol levels that determine which drivers will be arrested for operating vehicles while intoxicated. In Wisconsin, BAC is measured in volumetric (weight/volume) alcohol units per one hundred (100) milliliters of blood. In simpler […]