Executive Employment, Non-competition & Bonus Plan Agreements – Part 11

In our last RealDealDocs blog entry, we discussed sales agreements, equipment lease agreements and proxy agreements. This week, we will cover three other types of agreements: executive employment agreements, non-competition agreements, and bonus plan agreements. To review, an agreement can be defined as “a negotiated and usually legally enforceable understanding between two or more legally competent … Read more

What Are The Purpose of Exclusivity Agreements?

Exclusivity agreements come in a variety of forms and are designed to meet a range of goals. The overriding purpose of each exclusivity agreement is to define a relationship in which (generally) two parties agree to deal only with one another, to the exclusion of third parties. The duration of the agreement; whether it is … Read more

Force Majeure – The Contract Clause of COVID-19

Force Majeure is a legal definition encompassing a collection of unlikely yet not impossible hindrances to performance in a contract – such as a fire, a flood, an Act of God,  or possibly a global pandemic among other things. A force majeure clause in a contract generally excuses any or all delays in performance as … Read more

Got Toilet Paper? Top Paper Manufacturers in the US are Trying to Keep Up with Demand

Move over bitcoin – toilet paper is the now hottest currency in play. Unless you were living in a part of the United States prone to hurricanes or blizzards, you may not have thought of stockpiling toilet paper prior to the COVID-19 pandemic. Yet we are now in a new world which is considerably lacking … Read more