A smart contract is a self-executing computer program with the terms of the agreement written directly into lines of code. It is stored and replicated on a blockchain network. Smart contracts enable ...

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In the world of government contracting, small business owners and government contractors face a crucial decision when it comes to choosing the right contract type. Understanding the differences ...

Business contracts have historically been treated as legal endpoints that were drafted, negotiated, signed and then archived. For modern enterprises, however, contracts play a far greater role. They ...

Lucy Endel Bassli, chief legal strategist at LawGeex/courtesy photo As an attorney specializing in contracts, Lucy Endel Bassli wanted to find a way to look for patterns in contracts. After realizing ...

Most contracts involve situations where people are making various promises to and agreements with each other. Even if a standard form is used (such as a realtor’s purchase agreement for a house), ...

Discover how aleatory contracts in insurance policies manage risk through uncontrollable events, benefiting policyholders with potential payouts in uncertain scenarios.

Regardless of the business you are in, even the simplest deals can often require you to enter into a legal contract. Any contract you use must meet specific legal standards, and must contain necessary ...