As a business owner, you probably enter into contractual relationships every day. Many of you deal with written contracts on a fairly regular basis. However, do you understand the basic concepts of contract law and what makes a legally binding contract? Do you know what to look for when reviewing contracts prepared by the other party, or your own attorney that make it a legally binding contract?
Under Wisconsin contract law, legally binding contracts, whether oral or written, require three basic components: offer, acceptance, and consideration. An “offer” requires that one party offers to provide something of value to another party, which is then “accepted” by that other party. “Consideration” is what the two parties are obligated to exchange with each other as part of the contract. Consideration must be something of value, and the consideration must be mutual, i.e. both sides must provide something of value under the contract. … Read More
Over the previous few weeks, I’ve had to make significant edits to my second ebook, “The Subsequent Wave of Technologies.” In doing so, I’ve been holding in thoughts Melvin Kranzberg’s six laws of technology. I feel as if these new “kinds” of violence-mobbing, stalking (stalking laws were not handed till I was in school!), swatting, cyberstalking, on-line harassment-if the police do not discover a way to change with the instances, modify to those new crimes and find a solution to fight them, the police will lose this battle and crime will control our neighborhoods-exactly what the police are complaining that they are making an attempt to prevent.
This information shouldn’t be offered as authorized or prescriptive recommendation and it’s worthwhile to test your native laws for specificity. Check free of charge authorized companies in your county, but do not permit these sick people to run your life. Well California most … Read More