Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
Melissa Demorest LeDuc was recently published in the Primerus™ Stare Decisis – Spring 2023 Issue. The article discusses “the importance of getting it right from the start” when it comes …
Melissa Demorest LeDuc Discusses Protecting Your Company’s Assets and Interests Read MoreOn March 17, 2020, the Michigan legislature amended the law to ensure that contracts for the payment of commission on a sale of real estate are subject to the statute …
Real Estate Commission Agreements Must Be Written and Signed to be Enforceable Read More
When drafting a promissory note or other agreement for a loan, the interest rate is usually specified. The agreed-upon interest rate may exceed the interest rate allowed by law for …
Usury-Savings Clause Held To Be Valid When Lender Unintentionally Charges More Interest Than Allowed Read More
This is part two of a two-part series addressing why it is important to put a contract in writing. Part 1 can be found here. In addition to the legal …
The Importance of Written Contracts (Part 2) Read More
This is part one of a two-part series addressing why it is important to put a contract in writing. The first part addresses certain types of contracts that are legally …
The Importance of Written Contracts (Part 1) Read More
The Michigan Court of Appeals recently ruled that employees could not enforce provisions detailed in an employee handbook as a binding contract when the handbook specifically identifies itself as “not …
Michigan Court of Appeals Rules that Employee Handbooks are Not Enforceable Contracts when the Handbook Identifies as “Not a Legal Document” Read More
Bay Shore Power Company v. Oxbow Energy Solutions, LLC (Docket No. 20-3119), an Opinion recommended for publication by the United States Court of Appeals for the Sixth Circuit. The Court …
Sixth Circuit Court of Appeals Rules that Attorneys’ Fees are Recoverable Even Through Contract Provision Barring Recovery Read More
A party may believe that a contract is insulated from adverse modification by including specific modification clauses. For example, clauses like “modifications must be agreed to in writing”, and anti-waiver …
Can Parties Orally Modify a Contract that Says it Can Only be Modified by a Signed, Written Agreement? Read More
With the State anticipating a projected $3+ billion budget shortfall, the procurement budgets of its various agencies are almost certainly likely take a hit. Yet given the current COVID-19 crisis, …
Bidding on a State Contract in the Time of COVID-19? Make Sure Your Business is Aware of Michigan’s Bid Protest Process. Read MoreA party may feel pressured to enter into an unfavorable contract due to the need to continue business, a cash flow shortage, or unequal bargaining power. That party may later …
When is a Contract Void Due to Duress? Read More