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Many contracts contain an extenuating circumstane clause. This is designed to allow the parties to renegotiate when unexpected results occur. New scientific discoveries and new methods make a difference in cost. Changes in the economic situation can also make a contract un-fair to one side. Examples might be a big increase in gas prices, or a war that prevents raw materials from being available.
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What in law is an irresistible circumstance excusing one from a contract?
Force majeure
What types of law come under the provisions of the Contract Clause?
The Contract Clause of the United States Constitution covers contract law. The clause was created to keep states from using "private relief" to allow certain individuals an escape from their financial obligations. The Contract Clause prevents states from enacting laws that impair legal contracts.
What is a price variation clause in law?
A price variation clause in law allows contract parties to adjust the price of goods or services based on specific factors such as inflation, currency fluctuations, or changes in market conditions. This clause helps to protect both parties from unforeseen cost increases during the term of the contract.
What are your rights if you signed a contract at 18 but was lied to about what the contract was for?
At 18 the law considers you an adult. You could bring a case of fraud against the other party. Misrepresentation is grounds for nullifying a contract, but you have to be able to prove it. Typically, oral representations before signing are not going to be taken into consideration, especially if there is a clause to that affect (Parole evidence clause) in the agreement.
Which law covers employers when their employees solicit clients from their business when they leave?
No law covers it and it is not against the law. It might be addressed in the employment contract the employee should have signed when hired. If the employment contract does not mention a non-compete clause, employees are free to steal clients from their former employer with reckless abandon.
What is the supremary clause?
The supremacy clause, which is a clause within Article VI of U.S. Constitution. It dictates that a federal law is "supreme law of the land".
Which clause established the US cinstitution as a supreme law of the land?
The Supremacy Clause
What constitutional clause is used to determine if a state law conflicts with federal law and is therefore invalid?
supremacy clause
What is the name of the clause that gives Congress broad power in law making?
The Elastic clause.
What type of contract requires a law to be broken?
It would not be a valid contract. A contract to break the law is illegal.
What is one purpose of the supremacy clause?
The supremacy clause in the constitution that creates the order of law and the legal system for the United States. The supremacy clause is the provision in Article Six, Clause 2 of the United States constitution.
What is an example of an private law?
Private laws are those that do not apply to everyone. An example of private law is a contract. As long as it is not illegal, you can contract for many things or you contract away your rights.
