This is a cross post from Law360. Please contact Sarah Rathke or Alexis Chandler with any questions. In the US, the UCC Statute of Frauds’ (2-201) requirement that a contract must contain a written quantity term to be a binding contract, has been the law of the land in all 49 states that have adopted the … Continue Reading
Our own Ketan Ganase recently wrote about Predictability Through Incoterms. One important precondition to achieving that predictability is making sure that you are using terms correctly. This is especially true for “FOB,” a term that can mean different things in different contexts.… Continue Reading
There would be a lot fewer supply chain lawsuits if Article II of the UCC, the body of law that generally governs supply chain relationships between U.S. entities, did a better job of reflecting the needs and practices of U.S. businesses. If supply chain partners’ intuition as to where they stood in their supply chain … Continue Reading
