by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Click-Wrap Agreement? A clickwrap agreement, also called a click-through agreement, is a type of agreement between an online user and a service provider that requires the user to agree to the terms and conditions of a website before gaining access to the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Bankruptcy Financing? Bankruptcy financing refers to special financing from a lender to a company that is in the process of reorganization under Chapter 11 of the US Bankruptcy code. The lender gives out the money to a firm to help it fund its business...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Bankruptcy Abuse Prevention And Consumer Protection Act (BAPCPA)? Bankruptcy abuse prevention and consumer protection act, also known by the acronym BAPCPA, refers to legislation that made a significant revision to the United States Bankruptcy Code. BAPCPA...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Addendum? An addendum refers to additional material or documents attached to a contract which provides more details than what is contained in the body of the document. When used in a contract, to be enforceable, all parties to a contract must consent to or...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Insolvency? Insolvency refers to a term for when an organization or individual cannot meet its obligation to pay debts as they become due. Under the US Bankruptcy code and the Internal Revenue Code, insolvency is generally when one’s debts exceed their...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Privity of Contract? Privity refers to a contract law doctrine which states that contracts are only binding on the parties named in the contract. Unintended, non-signatory, third-parties can neither enforce the contract nor be sued under it. The parties to the...
