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Contract Clause information


Article I, Section 10, Clause 1 of the United States Constitution, known as the Contract Clause, imposes certain prohibitions on the states. These prohibitions are meant to protect individuals from intrusion by state governments and to keep the states from intruding on the enumerated powers of the U.S. federal government.

Among other things, this clause prohibits states from issuing their own money and from enacting legislation relieving particular persons of their contractual obligations. Although the clause recognizes people's right to form contracts, it allows the government to create laws barring contracts offending public policy, such as contracts for sex or for child labor. Likewise, though prohibited from creating a state currency, states are not barred from making "gold and silver coin a tender in payment of debts".

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Contract Clause

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Article I, Section 10, Clause 1 of the United States Constitution, known as the Contract Clause, imposes certain prohibitions on the states. These prohibitions...

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Contract

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Accordingly, many contracts contain a choice of law clause and a forum selection clause to determine the jurisdiction whose system of contract law will govern...

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Article One of the United States Constitution

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ex post facto laws, impair the obligation of contracts, or grant titles of nobility. The Contract Clause was the subject of much contentious litigation...

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Arbitration clause

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In contract law, an arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although...

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Royal lives clause

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A royal lives clause is a contract clause which provides that a certain right must be exercised within a certain period related to the lifetime of a currently...

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Reserve clause

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The reserve clause, in North American professional sports, was part of a player contract which stated that the rights to players were retained by the team...

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Forum selection clause

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In contract law, a forum selection clause (sometimes called a dispute resolution clause, choice of court clause, governing law clause, jurisdiction clause...

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Federal Acquisition Regulation

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required contract clauses; (v) required-when-applicable contract clauses; and (vi) optional contract clauses." If the FAR requires that a clause be included...

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Exclusion clause

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Exclusion clauses and limitation clauses are terms in a contract which seek to restrict the rights of the parties to the contract. Traditionally, the...

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New Engineering Contract

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NEC3 clause which dealt with the "spirit" of the contract was divided into two clauses, to show that both aspects should be complied with: Clause 10.1:...

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Charterparty

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resembles real-estate time-share. A charterparty may contain these clauses. A bunker clause stipulates that the charterer shall accept and pay for all fuel...

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Break clause

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A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law...

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Himalaya clause

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A Himalaya clause is a contractual provision expressed to be for the benefit of a third party who is not a party to the contract. Although theoretically...

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Force majeure

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the free dictionary. In contract law, force majeure (French: [fɔʁs maʒœʁ]; lit. 'major force') is a common clause in contracts which essentially frees...

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Morals clause

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A morality clause (also known as a morals clause, bad boy clause or bad girl clause) is a provision within instruments of a contract which curtail, or...

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Loss payee clause

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A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy...

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Severability

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apply. Sometimes, severability clauses will state that some provisions to the contract are so essential to the contract's purpose that if they are illegal...

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Choice of law clause

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In contract law, a choice of law clause or proper law clause is a term of a contract in which the parties specify that any dispute arising under the contract...

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Integration clause

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In contract law, an integration clause, merger clause, (sometimes, particularly in the United Kingdom, referred to as an entire agreement clause) is a...

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Escape clause

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An escape clause is any clause, term, or condition in a contract that allows a party to that contract to avoid having to perform the contract. If an agreement...

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Levi Woodbury

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opinions for the Court regarding the Contract Clause, slavery, the political question doctrine, and the Commerce Clause. He was promoted as a candidate for...

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South African contract law

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breach of contract, contracts often include penalty clauses or other similar clauses (pre-estimates of damages and forfeiture clauses). Clauses falling...

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Escalation clause

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An escalation clause is a clause in a lease or contract that allows for a change in the agreed-upon price in response to a specific factor that is outside...

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Scope clause

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A scope clause is part of a contract between a major airline and the trade union of its pilots that limits the number and size of aircraft that may be...

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Boilerplate clause

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boilerplate clause is a legal English term that is used in conjunction with contract law. When forming contracts, parties to the contract often use templates...

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Liquidated damages

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liquidated damages clause is to increase certainty and avoid the legal costs of determining actual damages later if the contract is breached. Thus, they...

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Standard form contract

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standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, a take-it-or-leave-it contract, or a boilerplate contract) is a contract...

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