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Todd Eric Gallinger

Todd Gallinger’s Legal Guides

46 total

  • Can I Assign My Contract?

    Assignment is essentially the transfer of a property or rights between two parties: the assignor and the assignee. It is used commonly by lawyers, businesses, and others who deal with property. The transfer of a title or ownership can be separate from the transfer of more materia...

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  • What is a Liquidated Damages Clause?

    Liquidated Damages are a fixed sum previously agreed upon to satisfy a specific failure in performance or breach of agreement that is specifically mentioned in the contract. Essentially, a party fails to complete or fulfill a specifically contractual obligation, it must pay a p...

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  • What is a Force Majuer Clause?

    Force Majeure is a common clause inserted into contracts that states neither party is liable for failure to fulfill their obligations and that neither party has the right to terminate the agreement for any delay due to events that are deemed uncontrollable. Such uncontrollable ci...

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  • What is an Integration Clause?

    An integration clause, also called an "entire agreement" or "incorporation" clause, states that the entire agreement between parties consists only of what is written in the agreed upon contract. The integration clause prevents confusion, and also invalidates any previous drafts, ...

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  • What is a Choice of Venue Clause?

    Often times, for the Choice of Law clause to be effective, a Choice of Venue clause should accompany it. The Choice of Venue clause states the location that both parties agree upon to address all potential disputes. For example, all disputes in a contract may be settled in a cert...

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  • What is a Choice of Law Clause?

    Choice of Law refers to a clause in transactions and contracts that states, upon a dispute between parties, what jurisdictions law is to be utilized; essentially, it indicates the law that will be used to settle potential disputes. The choice of law clause is especially relevant ...

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  • What Is an Acceleration Clause?

    The acceleration clause is an agreement in a contract that states the occurrence of certain and specified events will allow the lending party to call for the entire amount of payment immediately due in advance of the previously agreed upon fixed date. Such events that may trigger...

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  • When You Can Specify Damages In a Contract

    Liquidated damages are the fixed sum previously agreed upon to satisfy a specific failure in performance or breach of agreement that is particularly mentioned in the contract. Essentially, the party that fails to complete or fulfill a specifically stated assignment must pay a pre...

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  • Proper Use of Letter of Intent or Memorandum of Understanding

    A memorandum of understanding is an agreement between two parties in the form of a legal document. It is not fully binding in the way that a contract is, but it is stronger and more formal than a traditional gentleman's agreement. Sometimes, a memorandum of understanding is us...

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  • Statute of Limitations in California

    A statute of limitations is a law which places a time limit on pursuing a legal action in relation to a breach of contract; essentially, it is the prescribed time limit in which a lawsuit must be filed. For example, in California, a personal injury claim must usually be filed wit...

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