Order of Merchants is a Civil Society of Merchants devoted to promoting the Acceptance and Application of Government Codes and Regulations in order to maintain Prosperity and Civic Virtue.
We aim to provide assistance to the private sector in achieving commercial objectives by creating and sharing tools intended to bridge the complex crafts of finance, law, and governance with the people through various media channels.
With Valor and Trust we welcome you to our site. Visit the About Page to learn more.
Order of Merchants, LLC
Why Restatement (Second) of Contracts is a Vital Resource for Independent Contractors.
Many of us are contending to manifest our dreams through business, commerce, and collaboration with other creative minds, but to do so successfully we must establish valuable relationships.
Have you ever entered into a relationship with an individual or business and felt that a verbal agreement would suffice, only to find out some time later that said individual or business had a different interpretation or memory of the agreement than you? The result of this can cause a loss of valuable time and money, resulting in frustration and the all-too-often finger pointing at the other party for failure to perform their duties and obligations under the agreement. Not to mention the legal enforceability of verbal contracts is challenging. Have you resulted in printing out contract templates off of the internet due to a limited understanding of the basic requisites for creating an effective and enforceable contract? Perhaps you knew that it was important to have a written contract, but didn't know where to go to achieve credible information that could lend insight on how to design one. Maybe you have been studying contract law for years and are seeking to perfect the design of your contracts while increasing the grace of their enforceability if a dispute or breach were to ever arise. Perchance you may be a future/present law student or one of those peculiar folk who find it stimulating to write, carry out, and enforce contracts, often mesmerized by the empowerment that it brings.
Regardless of which of the above relates to your current state of mind, Restatement (Second) of Contracts may be of interest to you. According to Wikipedia it is a legal treatise that seeks to inform judges and lawyers about general principles of contract common law. According to The Bluebook: A Uniform System of Citation, Restatement is one of the best-recognized and frequently-cited legal treatises. The American Law Institute (where one can purchase Restatement) claims that it embodies additions inspired by the Uniform Commercial Code and improves the black-letter formulations by altering the order or scope of topics to enhance clarity or reduce redundancy.
Some of you fellow merchants out there have studied Article 2: Sales of the Uniform Commercial Code and have discovered that it appears to be missing a detail or two on the general principles of contract law. We believe that Restatement provides these missing links which are imperative to the formula comprising healthy contracts.
Order of Merchants is striving to achieve the highest levels professional character in its operation and currently keeps Restatement (Second) of Contracts close at hand when it comes time to create, edit, and enforce its contracts. Click here to purchase Restatement (Second) of Contracts
Zachary James Corzine, Co-Founder Posted: January 15, 2014
Order of Merchants, LLC