Dictionary of Legal Terms
What's an Oral Contract?
A verbal agreement between two or more parties. Depending on the circumstances, oral contracts are legally enforceable, but may be subject to different statutes of limitations or evidentiary requirements than written contracts.
5 Things to Consider Before Signing a Non-Disclosure Agreement (NDA)
Non-disclosure agreements (NDAs) play an important role in facilitating strong business relationships and securing confidential business information.Oct. 7, 2019
Liquidated Damages in NDAs
A liquidated damages clause is a section of the NDA that establishes the monetary consequences when there's a breach of the agreement.Oct. 7, 2019
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