A corporation’s bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation’s day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently. In most states, corporations must maintain bylaws...

A new job offer is an incredibly exciting event. Whether this new opportunity allows you to leave your current job or call it quits on the stressful and tedious process of job hunting, you’re likely ready and willing to sign on the dotted line and get started. When either a hiring manager or HR representative sends over an employment contract to sign, it may be tempting to...

Contracts govern nearly every aspect of day-to-day life in ways one may not even realize. From accepting the Terms and Conditions of an app on our smartphones to haggling over prices at a neighborhood yard sale, contracts are a fundamental part of modern life. Strictly speaking, a contract is an enforceable agreement where willing parties with capacity agree to specific...

Contracts, in general, are freely assignable, which means that either party can transfer its contractual obligations or rights to a third party. But sometimes contracts include anti-assignment clauses to limit or prohibit assignment. Read on to discover the basics of assignment and anti-assignment clauses, what makes them unenforceable, and learn how to negotiate them...

Even if the law doesn’t require an agreement to be in writing, it is always a smart decision to do so. However, like everything in law, numerous exceptions can quickly turn a binding contract into an unenforceable one—meaning it cannot be enforced in a court of law. Read on to learn what makes a contract enforceable and the factors that can make it unenforceable before...

In the modern legal world, accuracy and efficiency in document drafting are more crucial than ever. To minimize the risks of manual drafting errors, legal professionals are increasingly embracing technology. In fact, 65% of legal professionals expect an increase in AI technology investment at their workplace over the next three years. Below, we explore the benefits of...