What the Statute of Frauds is consists of a legal doctrine whose creation is to prevent fraudulent claims. Further, it ensures the enforceability of certain types of contracts. In Oklahoma, the Statute of Frauds requires that certain agreements be in writing and signed by the party to be enforceable. This requirement helps provide clear evidence of the terms and existence…
business contracts
What Are Some Defenses To Piercing The Corporate Veil in Oklahoma Business
Understanding Defenses To Piercing The Corporate Veil in a business relationship are critical to protecting you from potential liability. The corporate veil is a legal concept that separates the actions and liabilities of a corporation from those of its shareholders, officers, and directors. It is a tool that protects you from financial risk that’s taken on solely by your business….
What Is A Force Majeure Clause in Oklahoma Business Contracts?
A Force Majeure clause in Oklahoma contracts is a basis some businesses turn to in hard times. Especially with the recent pandemic, many businesses have been looking to rely on force majeure clauses in contracts to get out of their obligations. But what exactly is a force majeure clause, how does it work, and can you get out of a…