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Corporate & Securities Law

ContractsProf Blog

Contract law resources, information, and news for the academic community.

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Last Entry: April 01, 2011 at 16:53:52

Opting In and Out of European Contract Law

Posted on February 18, 2008
The European Parliament has been mulling over the question whether to develop "optional instruments" for European contract law -- alternative contract law regimes that parties could elect to use, either on an opt-in or opt-out basis. Exactly how these regimes...

Miscellaneous IT Roundup

Posted on February 18, 2008
The new issue of Vince Polley's excellent but really badly titled Miscellaneous IT Related Legal News (MIRLN) is out. Some highlights: * A study suggests that buyers on eBay saved about $19 billion in 2007 over what they would have...

Universal Sued Over Music Royalties

Posted on February 18, 2008
A group of musical rights-holders, including those of Count Basie, Benny Goodman, Sarah Vaughan, Patti Page, and Les Brown are suing Universal Music Group, claiming that the company has failed to pay royalties it owes. The basic claim is for...

Weekly Top 10

Posted on February 17, 2008
A brief by law and economic scholars in a major energy contract case and the continuing problems of the subprime credit market dominate this week's Top Ten list. Following are the top ten most-downloaded recent papers from the SSRN Journal...

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Patriot Spygate and Breach of Contract

Posted on February 16, 2008
Ever notice that, sooner of later, nearly everything involves a contract dispute? Take the controversy over whether the New England Patriots improperly took secret videotapes of the St. Louis Rams prior to their meeting in the 2002 Super Bowl. The...

Cycling Contracts?!?

Posted on February 15, 2008
To the left is Levi Leipheimer, the cyclist I was hoping would win this year's Tour de France. Why? Because I have great sympathy for any world-class athlete named Levi. But the Tour organizers have dashed my hopes, announcing that...

Law School for Sale

Posted on February 15, 2008
A potential buyer is in the wings for the American Justice School of Law in Paducah, Kentucky. The private school -- now almost always described as "troubled" -- saw five of its faculty resign two weeks ago, calling for the...

Carry Me Back to Ye Olde Virginnie

Posted on February 15, 2008
It's amazing what you can find on the Internet these days. For those who teach the most famous contracts case in the history of the Old Dominion, Lucy v. Zehmer, here's a blast from the past: A postcard from Ye...

Love Contracts, Revisited

Posted on February 14, 2008
Last year, on Valentine's Day, this Blog appropriately recognized the existence of "Love Contracts." Unfortunately, due to the author's preference to wait until commercial television shows appear on DVD so that he can watch them without commercial interruption, he was...

Intrade Calls the Democratic Race for Obama

Posted on February 13, 2008
Why is this man smiling? Well, there is website called Intrade that, as described in David Leonhardt's "Economic Scene" column in today's New York Times, permits members to "buy and sell contracts whose price is tied to real-world events." Right...

William & Mary President's Contract Not Renewed

Posted on February 13, 2008
Remember the old Dick van Dyke Show? Well, memories of that show stay with me. In one episode Rob (Dick van Dyke), in desparation, hires his wife Laura (Mary Tyler Moore) as a typist for the comedy show ("The Alan...

A Good Time Was Had By All

Posted on February 13, 2008
Last weekend, dozens of Contracts professors and other cool cats gathered in sunny Sacramento for the Fourth International Conference on Contracts, hosted this year by the University of the Pacific's McGeorge College of Law. Well-organized once again by ContractsProf blogmeister...

UCC Revised Article 1 Update

Posted on February 13, 2008
As of January 1, 2008, Revised UCC Article 1 was in effect in 28 states -- Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina,...

A Legal Obligation to be Witty?

Posted on February 12, 2008
The Boston Globe's Miss Conduct, who answers such pressing etiquette questions as whether one should say "bless you" when an aetheist sneezes, reports that she has signed a book deal. Feeling the pinch of reality after having actually executed a...

Contracting Around Rent Stabilization: Void Ab Initio

Posted on February 11, 2008
Riverside Syndicate, Inc. v. Munroe is a recent (2/7/08) New York Court of Appeals decision that provides a nice example of a contract that is against public policy. Tenants leased three rent-stabilized apartments that were apparently combined into one unit...

Contracting Around Free Speech

Posted on February 10, 2008
According to the BBC, the British Olympic Association (BOA) has, for the first time, asked athletes to sign a contract pledging to abide by an Olympic rule prohibiting political demonstrations or propaganda. The rule in question is Section 51 of...

Holmes and Homes

Posted on February 08, 2008
The blogosphere is aglow as opinionators wage battle over morality and contract in the context of the mortgage crisis. Early in contracts courses, students become acquainted with Oliver Wendell Holmes's position on contracts -- that is, a contract is a...

Conservative Authors Suit Headed to Arbitration

Posted on February 02, 2008
As reported in The New York Times last year, a group of five authors sued Eagle Publishing, the parent company of Regnery Publishing, alleging that the publisher was depriving authors of royalties by selling the books at deep discounts through...

Dance 10, Negotiations Skills 10 Too, It Appears

Posted on February 02, 2008
This blog clearly misunderestimated the dancers, many of whom were part of the original production of "A Chorus Line," who sued for a share in the current revival of the show when it characterized them as "being in a tough...

More Mandatory Arbitration Clauses

Posted on February 02, 2008
We have already heard what Homer Simpson thinks of mandatory arbitration clauses here. Now the Consumer Law and Policy blog weighs in with a post that may be of interest here. [Jeremy Telman}

Another Private Equity Buyout Implodes

Posted on January 31, 2008
Alliance Data Systems is suing The Blackstone Group, seeking to force the latter, a private equity firm, to go through with a $6.4 billion buyout deal. According to this story in the Dallas Morning News, The Blackstone Group has announced...

Material Omission?

Posted on January 27, 2008
This story from today's NY Times: EDDIE CROWE, a 38-year-old former bar manager from Galway, Ireland, thought he had hit the jackpot. In June 2006, after more than a year of searching for a suitable place to open a bar...

Executive Pay at Delphi

Posted on January 27, 2008
When it comes to executive compensation, scholars tend to fall into two camps. Some defend current levels of executive compensation as the product of a market. Simply put, highly skilled executives negotiate for very rich compensation packages because of the...

Bridezillas Revisited

Posted on January 23, 2008
To the left is Profossor Rich Bodek of the College of Charleston's History Department. He took my wedding photos. He also served as best man, witness and host of the wedding reception. I was very pleased with his work --...

Allocating Contract Liability after the Bubble Bursts

Posted on January 23, 2008
The New York Times had an article yesterday about a woman who is suing her real estate agent for persuading her and her husband to pay perhaps 10-15% too much for their $1.2 million house in San Diego. The case...

Evaluations, Contracts and Ethics

Posted on January 22, 2008
I have written many an angry letter to Randy Cohen, author of a column called "The Ethicist" which appers in The New York Times' Sunday Magazine. My letters are always about how law and ethics are not the same thing...

Mistake, 33 Cent Gasoline

Posted on December 08, 2007
From this story on Yahoo! News: Dozens of drivers made a mad rush for cheap gas after a station employee accidentally changed the price to 33 cents a gallon. An employee closing Trig's Minocqua Shell for the night mistakenly entered...

Corbin, Williston and . . . Homer?!?

Posted on November 28, 2007
In his dissent in the recent contracts case, Seawright v Amer. Gen. Fin. Serv., Inc., Judge Boyce F. Martin relied on a rather unusual authority in the lone footnote to the dissenting opinion. Rather than citing to Williston or Corbin...

Wedding Photographer to Pay Damages for Lousy Photos

Posted on November 26, 2007
This decision by Judge Sylvia Ash (NY Supreme, Kings County) in Andreani v. Romeo Photographers & Video: FACTS Defendant is a professional photography and video studio, owned and operated by Frances Romeo. On December 31, 2005, Plaintiff entered into a...

Is A-Rod's Contract Rational?

Posted on November 19, 2007
Congratulations to Alex Rodriguez (left) on his third MVP award. It is well-deserved. According to press reports, Rodriguez has quipped that he and the New York Yankees are in the "bottom of the fifth inning" in their negotiations on his...

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