Contracts News. Crime Stories, Law on News and Legal Publications in March, 2012

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Normal trade with India ''tied'' to level-playing field
Business Recorder (blog)March 1, 2012

The Commerce Ministry has been allowed in principle to make appropriate changes in the defence trade laws in consultation with the stakeholders to allay apprehensions of the industrial sector for using these laws more effectively against any unfair ...more »

Larchmont Residents Lose Thousands in Fraud
The Daily LarchmontMarch 1, 2012

by Brian Donnelly (email) LARCHMONT, NY -- Multiple Larchmont residents reported that unauthorized withdrawals had been made from their bank accounts, including one of $130000, according to the Larchmont Police Department. - On Feb.more »

Contracts News and Stories

Commercial Contracts
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Hugo Grotius vs. ObamaCare
Acton Institute (blog)March 1, 2012

Coercing commercial transactions is antithetical to the foundational principle of mutual assent that permeated the common law of contracts at the time of the founding and continues to do so today. The Founding generation recognized that this principle ...more »

Franchise Contracts
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A primer on franchise disclosure documents
Financial PostMarch 2, 2012

The assessment of whether to purchase a franchised business is a significant one, and prospective franchisees should be making informed investment decisions before signing any franchise agreement. Franchise law in various Canadian provinces recognizes ...more »

Contract Disputes
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SALLING v. BUDGET RENT-A-CAR SYSTEMS, INC.
Leagle.comMarch 1, 2012

Salling also claimed fraud and unjust enrichment on the same facts. Budget moved to dismiss. The district court denied this motion on the breach of contract and unjust enrichment claims, but granted it on the fraud claim. Salling amended his complaint ...more »

Government Contracts
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Judge rules against the state in pension case, creating
MiamiHerald.comMarch 7, 2012

Leon County Circuit Court Judge Jackie Fulford ruled Tuesday that the state's 2011 law requiring that members of the Florida Retirement System contribute 3 percent of their salaries to the pension fund unconstitutionally breached the contract with ...more »

Lending Agreements
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Judge denies public vote on 49ers stadium funding
ReutersMarch 6, 2012

Kirwan agreed with attorneys for the 49ers that the financing agreements were administrative, rather than legislative, acts, and so not subject to voter approval. Supporters, including a majority of city council members, said the financing was only ...more »

Contract Drafting, Review & Negotiation
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Political bile again rising in University City over city manager issues
STLtoday.comMarch 7, 2012

City Councilman Terry Crow was the only member of the seven-person council to vote against drafting a new contract for Walker. (One member, Byron Price, was absent.) Crow lost the 2010 mayoral election to Welsch by 95 votes. (In the aftermath of that ...more »

Secured Transactions
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The loan to own
The Deal PipelineMarch 13, 2012

But a potential pitfall is that creditors, other shareholders or a trustee in bankruptcy might later bring suit for fraudulent conveyance or breach of fiduciary duties. In these circumstances the investor is well advised to run its acquisition through ...more »

Employment Contracts
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State audit of Springfield Public Schools shows lack of oversight in key areas
Springfield News-LeaderMarch 2, 2012

A state audit released Friday says Springfield Public Schools has failed to fully comply with the Sunshine Law, “adequately fund and monitor” its employee health insurance program and safeguard cash. State Auditor Tom Schweich said a lengthy ...more »

Guest Post: It's Time for a Reliable System to Determine Who Owns a US Patent
Patently-OMarch 6, 2012

Security interests in patents are to be recorded where UCC filings are made, based on state law. Unlike real estate, it is not always easy to determine the state in which a security interest in a patent has to be recorded. Once the state is determined, ...more »

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