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Contract News
Breach Of Contract
The courts recognize a claim for damages when someone induces a breach of contract or interferes with financial expectancies. An improper motive such as fraud or duress is usually required. Most authorities find that mere persuasion or entreaty is not enough (Connecticut Law of Torts, chapter XIX, § 165).
For intentional interference with contractual relations, the plaintiff must have a contract with a third person and the third person must be induced to break the contract with the plaintiff.
Interference with a business relationship requires (1) a business relationship between the plaintiff and another party, (2) the defendant’s intentional interference with the business relationship while knowing of the relationship, and (3) actual loss by the plaintiff due to the interference (Hi-Ho Tower, Inc. v. Com-Tronics, Inc. , 255 Conn. 20 (2000)). There must be a direct relationship between the defendant’s act and the plaintiff’s loss and a reasonable expectation of receiving a profit in the prospective transaction. A mere possibility of making a profit is not enough (Connecticut Law of Torts, chapter XIX, § 165).
When Signing On Behalf Of A Corporation, You Should Always Describe Your Role Next To Your Name
If you are signing on behalf of a corporation, and do not want to be personally liable in a suit for damages, then make that clear by writing after your name, followed by whatever words describe your role in the corporation.
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News about contract cases in Massachusetts and nationwide:
Definition:
A contract by which a seller agrees to convey property to a buyer for a stipulated price under specified conditions.
Parol Contract
Definition:
A contract that is oral only as distinguished from one that is written.
Turnkey Contract
Definition:
An agreement under which a contractor agrees to complete a product so that it is ready for use when delivered to the other contracting party.
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