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Ndukwu Daniel

Ndukwu Daniel

Force majeure clause
Contracts
October 5, 20230Comments

What is a Force Majeure clause + when to use it

Oftentimes, we’re at the mercy of forces outside of our control. This happens in our business and personal lives. That’s where the Force Majeure clause comes into play to protect
by Ndukwu Daniel
fixed-price contract
Contracts
October 2, 20230Comments

Fixed-price contract: Definition, use cases, & how to use

There are countless types of contracts. Some of them favor one party over the other like in an adhesion contract. One party has little power. In other contracts, the cost
by Ndukwu Daniel
Cost reimbursement contract
Contracts
September 28, 20230Comments

The comprehensive guide to cost reimbursement contracts

There are many situations in which a service provider or a seller will need to incur costs on behalf of a buyer. Not just buyers and sellers, this may occur
by Ndukwu Daniel
Contract law
Contracts
September 25, 20230Comments

Contract law fundamentals: What you need to know and do

Contracts make the world go round and contract law is what makes those contracts work. If you want to ensure your contracts are impeccable, valid, and offer the right protections
by Ndukwu Daniel
Consideration clause
Contracts
September 21, 20230Comments

What is a consideration clause? + Samples

To make a valid contract, you’ll need multiple elements. If one or more of those elements are missing then a contract may be considered unenforceable or will need to be
by Ndukwu Daniel
asset purchase agreement
Contracts
September 18, 20230Comments

Asset purchase agreement: Definition + Key elements

There are many ways to structure a deal when you’re buying a business or part of a business. Oftentimes, especially in smaller deals, you’ll be creating what’s known as an
by Ndukwu Daniel
Indemnification clause
Contracts
September 14, 20230Comments

Understanding an indemnification clause and how to use it

There are many agreements that need additional protection. If there is an inherent element of danger or even if you’re in a litigious society, you want to make sure your
by Ndukwu Daniel
Express contract
Contracts
September 11, 20230Comments

Understanding an Express contract and how to use it

There are many types of contracts for you to take advantage of. Some of them offer explicit protections and others are ambiguous. Ideally, you want an express contract because it’s
by Ndukwu Daniel
confidentiality clause
Contracts
September 7, 20230Comments

Confidentiality clause: What it is + samples

In many instances, you don’t want your business dealings and strategies to be available to the general public. This is to keep your competitive advantage when it comes to systems,
by Ndukwu Daniel
adhesion contract
Contracts
September 4, 20230Comments

Adhesion contract – what it is and how to use it

There are often situations in which the balance of power in a deal is one-sided. This happens more often than you think in our daily lives (for example your banking
by Ndukwu Daniel
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