Jennifer Paley is an attorney and writer based in Los Angeles who specializes in digital content, technology transactions, entertainment, e-commerce, mobile, advertising, cloud computing, and virtual reality. She is a graduate of Harvard College and NYU School of Law.
Articles By Jennifer Paley
In simplified terms, performance of a contract means doing what you are required to do under the contract. If you fail to do what you are required to do under a contract—if you fail to perform under the contract—then you are in breach of the contract, which usually is sufficient grounds for a lawsuit.
An indemnification provision allocates the risk and expense in the event of a breach, default, or misconduct by one of the parties.
Learn when and how a seller can obtain assurance under the UCC regarding a distressed buyer’s performance.