image1

In large part, the terms of a written agreement between parties are the sole item considered when interpreting the items of an agreement upon a dispute between parties. The “parole evidence rule” is a common law principle which bars factors outside a written agreement to contradict the terms of a written contract except in cases of fraud, illegality, duress, or in some cases mistakes and ambiguity the written agreement. Oral promises made before or when a written agreement are entered that contradict a written agreement, cannot be considered when a dispute arises under common law principles.

However, a recent court decision has changed this basic rule when it reversed long-standing precedent by holding that evidence of broken oral promises that contradict the express terms of a written contract are no longer barred by the parole evidence rule.

Visit our website for more information and to make sure your interests are protected!

Assistance

Submit details below

Related Posts

Continue Reading

Business

Uber Settles On User Privacy

An on going investigation of the popular car-sharing company, Uber, that has been led by a state attorney general's office...

Read More >>
Is This The Right Time To Start A Business?
Business

Is This The Right Time To Start A Business?

  With the 2016 presidential election right around the corner and the race聽to become the most powerful leader聽in the world,...

Read More >>
Business

Be Aware Of Your Rights When Dealing With The IRS

In a recent matter with the聽IRS, a business owner had paid a balance due in full for a business tax...

Read More >>