I’ll attempt to explain why contracts matter, what defines a contract, and describe how contracts are formed. Courts and juries make tough decisions every day. The toughest decisions are made in circumstances where the law has provided no clear rule for a court or a...

Many commercial contracts include arbitration clauses. Most of the time, no one considers the impact of an arbitration clause until it is time to file a lawsuit. However, it is then too late to avoid its negative effects. Arbitration is a method of resolving a legal...

Indemnity clauses are common in contracts, bills of sale and purchase orders. They are often buried deep in legalese in the contract or may be in small print on the reverse of a form document. Unless a party to the contract has hired a lawyer to review the contract,...

On June 28, 2012, in a 5-4 decision authored by Chief Justice John Roberts, the U.S. Supreme Court upheld the “individual mandate” provisions contained in the Affordable Care Act, known to some as “Obamacare.” The Court also determined, in a 7-2 decision, that the...

All corporations Limited liability companies, Limited partnerships, Limited liability partnerships, and business trusts organized in the Commonwealth of Kentucky must file an annual report by June 30 of each year. Here's a look at the process. Consequences Failure to...