If you own a business, there is a strong likelihood that you will enter into a commercial equipment lease or sale agreement at some point. With that in mind, it is important to gain an understanding of the difference between…
With bank lobbies closed and large numbers of people working from home to slow the spread of COVID-19, many are without reliable notaries public or do not want to risk potential exposure to the virus through physical interactions. This has…
“Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.” It appears that “pandemic” should be added to this famous, unofficial motto of the United States Postal Service. COVID-19…
The “Economic Loss Rule” or “ELR” is a judicially created doctrine, which stands for the proposition that if there is a contract between two parties, then absent physical property damage or bodily injury, those parties rights to sue for things related to that contract are, in essence, limited to a lawsuit for breach of contract. In other words, they cannot to sue for a tort such as unjust enrichment. Stated differently, the Economic Loss Rule bars a tort claim such as negligence or fraud when the losses or damages are purely economic.
