Insights and Analysis

An overview of contracts, negotiation, and enforcement in the United States

Thomson Reuters Practical Law

06 May 2021

A Q&A guide to general contracts and their negotiation and enforcement in the United States.

This guide to general contracts in the United States gives a high-level overview of key legal concepts, including contract formation with general discussions as to authority, formal legal requirements, formalities for execution, the requirements for deeds and notarization, powers of attorney, and virtual closing and completion meetings. It also considers the different types of contractual terms, variation, assignment and waiver of contracts, enforcement and remedies, and cross-border issues.

Originally published by Thomson Reuters as part of the Practical Law resource center.

Authored by Oliver (Ollie) J. Armas, Kelly Tubman Hardy, Steven M. Kaufman, Randy S. Segal, Eli Mekonen, Herman Brown, and Victor A. Ghazal.