A rabbi walks into a bar joins an airline’s frequent-flyer program. He flies a lot, and achieves Platinum status. But he also complains to the airline a lot and gets them to give him com…| On Contracts
(If you’re reading this post on the front page of the blog, click on the post title to see it with a table of contents.) Employers: Be sure your arbitration agreement is actually binding — it…| On Contracts
A manufacturer terminated a sales-representative company, as permitted by their contract, for failing to meet quota. The rep received commissions ranging between 15% and 22% of sales. The manufactu…| On Contracts
Here are a few contract-drafting tips derived from judicial decisions issued in the past few days: An exclusive-jurisdiction forum selection clause might accidentally negate an arbitration requirem…| On Contracts
In 2008 Plaintiff Bill Grubb signed an employment agreement with Defendant DXP Enterprises to lead the development and production of horizontal pumps. The agreement recited that the parties intended to create a new company to produce the pumps, and Grubb would own 10%. If the project became a success, Grubb had the right under the employment agreement to require DXP to buy his ownership stake at a price based on the new company’s gross revenue. The project was successful; in March 2019, Gru...| Justia Law