Familiarity with contract law is especially critical for small-business sole proprietors and partnerships. Unlike in a limited liability company or corporation, a signed contract legally binds both ...

Acquiring entities are required to measure contract assets and liabilities acquired in a business combination in accordance with FASB’s Topic 606 revenue recognition guidance, according to a new FASB ...

A business contract functions in the same ways as other written or oral agreements. It is a promise all parties entering into the agreement must legally uphold. Selling a business contract once all ...

The worldwide spread of COVID-19 has presented real-world complications to people and businesses with ongoing obligations that are becoming increasingly difficult to meet in the face of quarantines, ...

Where a hirer or RPO sends its own form of contract to an agency for signature, it is important to have the contract independently reviewed by experts to ensure that it does not include onerous ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

A recent decision from the French Supreme Court provides some interesting developments regarding the extra-contractual (or tort) liability based on a breach of contract. An Italian company ...

FASB proposed a new accounting standard Tuesday that is designed to increase consistency in the accounting for revenue contracts with customers acquired in a business combination. Generally, this ...

Q: Some unknown person obtained my independent contractor's personal login for a major resort chain's agent website. The unknown person then made about $50,000 in bookings using an unauthorized or ...