Attorneys' fees provisions in contracts can be tricky. The general rule in California, each party takes responsibility for his or her own attorneys’ fees unless the parties agree otherwise, although some "specialty" rules exist that reallocate payment of attorneys' fees or mandate “fee shifting.” Generally, the attorneys’ fees provision in a contract will read something like: The prevailing party in any action or Read More
Types of Business Contracts
A contract is a legally enforceable agreement between at least two people or entities entered into for an exchange of goods or services. Contracts are enforceable by relevant law. Many different types of contracts exist; they vary by industry and commensurate with the type of goods supplied or services performed. There are several broad categories of contracts that might be entered into in your business dealings. Read More
