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Episode 22: The More Things Change – Modifying Contracts by Mutual Assent

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Manage episode 452063099 series 3593781
Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dive into the world of contract modifications, exploring how existing agreements can be changed through mutual consent. Professor Oranburg examines the requirements for valid modifications, including consideration in common law and the UCC’s more flexible approach. You’ll learn about the pre-existing duty rule and its exceptions. Through practical examples and landmark cases, understand how to effectively modify contracts, the pitfalls to avoid, and how courts interpret changes to existing agreements. Gain valuable insights into negotiating and implementing contract modifications in various business contexts.

  continue reading

53 episodes

Artwork
iconShare
 
Manage episode 452063099 series 3593781
Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dive into the world of contract modifications, exploring how existing agreements can be changed through mutual consent. Professor Oranburg examines the requirements for valid modifications, including consideration in common law and the UCC’s more flexible approach. You’ll learn about the pre-existing duty rule and its exceptions. Through practical examples and landmark cases, understand how to effectively modify contracts, the pitfalls to avoid, and how courts interpret changes to existing agreements. Gain valuable insights into negotiating and implementing contract modifications in various business contexts.

  continue reading

53 episodes

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