A guaranty — a species of contract — is a collateral agreement for another’s undertaking and is an independent contract that imposes responsibilities different from those imposed in the agreement to which it is collateral. Specifically, a guaranty is a contract where a guarantor becomes secondarily liable for the obligation of a debtor in the event the…
Legal Articles
Missouri Contract Attorney/Lawyer
Contracts are private agreements entered into by two or more parties with the intention of creating legally binding obligations. Although contracts can be made orally, certain contracts must be in writing if they are to be honored or interpreted by a court (e.g., contracts for the sale of land). Breach of contract occurs when a…
Non-Solicitation & Confidentiality: Restrictive Covenants
Restrictive Covenant is the broad phrase applied to contracts which curtail an employee’s ability to work for competitors after leaving an employer (See: Non-Compete Agreements), not to take workers/accounts when leaving, confidentiality agreements, etc. As detailed on my previous post concerning non-compete clauses, Missouri rarely enforces such provisions. They must be reasonable spatially, temporally, and…