Looking for advice on this situation. Our Vendor Got Acquired - New Owner Wants to Change Terms Any guidance would be greatly appreciated.
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.
The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.
In my experience, most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.
Always get contract modifications in writing. Verbal modifications are theoretically enforceable in some situations but nearly impossible to prove. A quick email confirmation costs nothing and saves everything.
The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.
The enforceability of this clause depends heavily on your state's law and the specific language used. I'd recommend having an attorney review the exact wording before taking action.
In my experience, most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.
In my experience, most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.
Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
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