Law of Contracts

Law of Contracts is the law governing contracts. In law, a contract is a legally binding agreement between two or more parties which, if it contains the elements of a valid legal agreement, is enforceable by law or by binding arbitration. A legally enforceable contract is an exchange of promises with specific legal remedies for breach. These can include compensatory remedy, whereby the defaulting party is required to pay monies that would otherwise have been exchanged were the contract honoured, or an equitable remedy such as specific performance, in which the person who entered into the contract is required to carry out the specific action they have reneged upon.

Profile of Raymond J. Carey on Foley & Lardner website

Foley sued by partner for age, sex, race discrimination

A partner at Foley & Lardner has sued the firm for discrimination and breach of contract, citing in his complaint that the firm treated younger, female and/or non-white employees more favorably.
IBT Staff Reporter Mar 07, 2011

Kelley & Ferraro files Chapter 11 to escape wrath of founding partner's wife

Florida-based asbestos litigation law firm Kelley & Ferraro LLP has filed for Chapter 11 bankruptcy seeking reprieve from an Ohio appeals court's ruling that the law firm must be dissolved as part of an agreement with the firm's deceased partner and co-founder Michael Kelley.
IBT Staff Reporter Feb 01, 2011