Duty of Good Faith and Fair Dealing (Kansas)
“He’s not negotiating in good faith”, one often hears. This may be heard in connection with an absurdly low offer made to purchase an asset, such as a commercial office building, single family residence, or an automobile, or when parties are attempting to settle a claim. The law in Kansas regarding good faith and fair […]
Lesser-Known Risk When Drafting a Contract (Kansas)
Writing a contract may appear so simple to some business people that little risk is evident in so doing. An urge to move things ahead, accomplish a task, or close a deal propels a person to get on his computer, retrieve some sort of template, and start making tweaks to it based on the perceivingly […]
Contract Law Rescission (Kansas)
The application of contracts to business takes no prisoners. Take a look across some of the professions, for example. Physicians have their patients sign informed consent forms prior to surgical procedures. Lawyers have their clients sign engagement letters or fee agreements. Engineers and architects have their clients sign professional services agreements. Accountants or CPAs use […]
Ambiguity In Kansas Real Estate Contracts
In the field of real estate, contracts are made all of the time. Real estate attorneys see and write contracts for lease and sublease, contracts for sale, contracts for purchase, and other types of real estate contracts. Contracts are perhaps the physically flimsiest but practically strongest underpinning of all real estate transactions as we know […]
Real Estate Contracts vs. Real Estate Deeds: Does One Trump the Other?
In our last blog post about real estate law, we wrote about deeds, breaking down some of the similarities and differences between warranty deeds and quitclaim deeds. After reading that post, you now know that deeds are an essential component of any real property sale whether of a commercial, residential, or agricultural nature. You might […]