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Lease Options for Renewal, Contracts

Lease contracts, whether they be residential or commercial, will often have an option provision where a tenant can automatically renew the lease-term for some period of time. Subject to the terms of the contract/lease, a tenant’s renewal must indicate a definite and unqualified determination to exercise the option. Behlman v. Weeks, 150 S.W.3d 153, 156 […]

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Contract Writings: Statute of Frauds Waiver

The Statute of Frauds requires that certain contracts be in writing to be enforceable or entertained. Generally, the Statute of Frauds in Missouri applies to (1) agreements not to be performed within a year, (2) contracts involving land, and (3) marriage. Section 432.010, RSMo. There are a few ways to circumvent the writing requirement, such […]

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Option Rights and Preemptive Rights in Contracts

Contracts can have option rights or preemptive rights. An option, in the context of real estate, usually gives a person a power to compel the owner of the property to sell it at a stipulated price whether or not he or she is willing to part with ownership. Anderson v. Parker, 351 S.W.3d 82, 831 […]

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Interference with Contract versus Interference with Business Relations

Tortious interference with a contract or business expectancy requires (1) a contract or valid business expectancy, (2) defendant’s knowledge of the contract or relationship, (3) a breach induced or caused by defendant’s intentional interference, (4) absence of justification and (5) damages. Bishop & Assocs., LLC v. Ameren Corp., 520 S.W.3d 463, 472 (Mo. 2017).  While not […]

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Contract Forum Selection Clauses

A forum selection clause in a contract refers to language which requires that when there is a dispute or litigation relating to the contract that it be resolved or litigated in a certain state, county or other “forum.” These clauses are not always upheld by the Courts. Furthermore, there is sometimes uncertainty that arises when there […]

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Simple versus Compound Interest on Judgments

In Missouri, Section 408.020, RSMo requires that nine-percent (9%) annual interest typically accrues on monetary judgments. Missouri statutes, however, do not specify whether the interest is simple or compound. Based on case precedent, compound interest is generally not allowable on a judgment. Wallemann v. Wallemann, 817 S.W.2d 548, 549 (Mo. Ct. App. 1991). There are two […]

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Forum Selection Clauses, Personal Jurisdiction

Personal jurisdiction is the authority of a court to render a judgment or decision about an individual or entity. For personal jurisdiction to exist, there must generally be some connection between a party and the state or forum rendering the judgment or decision. In may contracts or agreements, there are provisions designating where litigation must occur […]

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Requests to Enforce/Compel Settlement

Most lawsuits are resolved without a trial. Cases usually either settle or result in a judgment/dismissal before a contested trial. With cases that result in a settlement, there are often communications between attorneys leading up to the execution of a more formal settlement agreement. There are instances in which an agreement is reached and then one […]

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Letters of Intent, Term Sheets, Contracts

Letters of intent and preliminary term sheets are often some of the first documents signed in business transactions or in anticipation of a more formal contract. If a deal falls through after a letter of intent and/or term sheet are signed, what is the legal effect of those documents? Are they binding contracts which require you […]

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