Monthly Archives - grudzień 2021

Preference Agreements

j$k5550142j$kPreference Agreements: The Ins and Outs Preference agreements, also known as “preference arrangements,” are contractual agreements between a supplier and a buyer where the buyer agrees to purchase goods or services exclusively from the supplier. These agreements are often used in industries such as construction, healthcare, and manufacturing, where a buyer may need to ensure a reliable and consistent supply of goods or services. While preference agreements can provide benefits for both parties, they can also have potential antitrust implications. Therefore, [...]

Restatement 2 of Contracts 178

j$k5598397j$kRestatement 2 of Contracts 178: Understanding Its Importance Restatement 2 of Contracts 178, also known as the "doctrine of impossibility and impracticability," sets out specific scenarios wherein a party may be excused from performing a contractual obligation due to unforeseen circumstances beyond their control. This legal concept is often referred to in legal disputes, and is crucial to understanding contract law. The doctrine of impossibility and impracticability recognizes that sometimes, unexpected events may occur that make it impossible or impractical for [...]

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