Blog

Legal Document with Rescission Stamp and Gavel
Consumer Protection Law Contract Law
Real Estate Law

What is rescission?

March 26, 2026 • By Jack Gilbert
Rescission is a legal remedy that cancels a contract and restores both parties to their pre-contract positions, treating the agreement as if it never existed. It may be available for fraud, misrepresentation, mistake, duress, or other legal defects. This article explains what contract rescission is, when it applies, and what happens after rescission. Rescission is […]
Read More
Legal Contract Enforcement Concept Illustration
Business Litigation Contract Law
Real Estate Law

What is specific performance?

March 26, 2026 • By Jack Gilbert
Specific performance is an equitable court order that requires a breaching party to perform the exact contract promise instead of paying damages. Courts typically grant it when money can’t adequately compensate, such as in unique real estate or one-of-a-kind goods contracts. This article explains how specific performance works, when it’s available, and key limits and […]
Read More
Material Breach: Broken Contract Document
Business Litigation Commercial Litigation
Contract Law

What is a material breach?

March 26, 2026 • By Jack Gilbert
A material breach is a substantial failure to perform a contract term that defeats the contract’s main purpose. It typically excuses the non-breaching party from further performance and may allow damages or termination. This article explains how courts distinguish material vs minor breaches and what remedies apply. Understanding Material Breach in Contract Law A material […]
Read More
Business Partners Reviewing Contract Breach Terms
Business Law Commercial Litigation
Contract Law

What is anticipatory breach?

March 26, 2026 • By Jack Gilbert
Anticipatory breach (anticipatory repudiation) happens when one party clearly indicates before the due date that they will not perform the contract. This lets the non-breaching party treat the contract as breached immediately and pursue remedies instead of waiting for the deadline. This article explains what qualifies as a clear repudiation, examples, and available legal options. […]
Read More
Torn Contract Document Representing Breach of Contract
Business Law Commercial Litigation
Contract Law

What is breach of contract?

March 26, 2026 • By Jack Gilbert
A breach of contract occurs when one party fails to perform a promised duty under a valid agreement, including written or oral contracts. The non-breaching party may seek legal remedies such as damages or specific performance, depending on the breach and terms. This article explains contract basics, types of breach, and common legal options. A […]
Read More
Two People Shaking Hands over Signed Contract
Business Law Contract Law
Employment Law

What is mutual assent?

March 26, 2026 • By Jack Gilbert
Mutual assent is the agreement of both parties to the same contract terms through a valid offer and acceptance. Courts look for objective evidence—words, conduct, and the surrounding circumstances—showing a “meeting of the minds.” This article explains how mutual assent is formed, proven, and challenged in contract disputes. Understanding Mutual Assent in Contract Law Mutual […]
Read More
Handshake Representing Mutual Agreement and Consideration
Business Law Civil Litigation
Contract Law

What is consideration?

March 26, 2026 • By Jack Gilbert
Consideration is the bargained-for exchange of something of legal value between the parties, and it’s required for most enforceable contracts. It can be money, services, goods, or a promise to do (or not do) something in return. This article explains what qualifies as consideration, common examples, and major exceptions like gifts and past consideration. When […]
Read More
Person Meditating Peacefully by Calm Water at Sunset
Business Litigation Contract Law
Media & Entertainment Law

What is acceptance?

March 26, 2026 • By Jack Gilbert
Acceptance is the unconditional agreement to an offer’s terms that turns it into a binding contract between two parties. It must match the offer, be communicated properly, and occur within any stated time limits or reasonable time. This article explains what counts as valid acceptance, common pitfalls, and key contract-law exceptions. Understanding Contract Acceptance When […]
Read More
Business Professionals Reviewing Contract Documents
Business Law Civil Litigation
Contract Law

What is a contract?

March 26, 2026 • By Jack Gilbert
A contract is a legally enforceable agreement between 2 or more parties. It’s formed when key elements like offer, acceptance, and consideration are present, creating duties the law can enforce. This article explains the basics, common examples, and when a contract becomes binding. Understanding the Basics of Contracts A contract is simply an agreement between […]
Read More
Spendthrift Trust Concept Illustration
Elder Law Estate Planning
Trusts and Estates

What is a spendthrift trust?

March 26, 2026 • By Jack Gilbert
A spendthrift trust is an estate planning trust that restricts distributions and generally prevents most creditors from reaching a beneficiary’s trust interest. A trustee controls when and how funds are paid out, helping protect inheritances from poor money management and creditor claims. This article explains how it works, key benefits, and common limitations. A spendthrift […]
Read More
Family Reviewing Special Needs Trust Documents
Elder Law Estate Planning
Special Needs Planning

What is a special needs trust?

March 26, 2026 • By Jack Gilbert
A special needs trust is a trust that holds assets for a person with a disability so they can keep means-tested benefits like SSI and Medicaid. It lets funds pay for supplemental needs (e.g., therapies, education, transportation) without being counted as the beneficiary’s resources. This article explains how special needs trusts work, common funding sources, […]
Read More
1 … 109 110 111 112 113 … 457
Scroll to Top